life estate Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “life estate” in the English Dictionary

"life estate" in Business English

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life estatenoun [C]

uk   us   LAW, PROPERTY
the ​legalright to own and ​control a ​property, such as a ​building or ​piece of ​land, for the length of ​time that you are alive: The lifeestatedeedallows the older couple to own the ​house for the rest of their ​lives.
(Definition of life estate from the Cambridge Business English Dictionary © Cambridge University Press)
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