Definition of Estate on Limitation
An estate originated by the use of words denoting duration of time, such as while, during, so long as, and the like and when designated limitative event happens, such estate ends naturally without any re-entry and property reverts to grantor. Carpender v. City of New Brunswick, 135 N.J.Eq. 397, 39 A.2d 40, 43. Sometimes referred to as “base fee”, “qualified fee”, “determinable fee”, or “fee simple defeasible”. Lehigh Valley R. Co. v. Chapman, 35 N.J. 177, 171 A.2d 653, 657.
That's the definition of Estate on Limitation in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.
