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We found one dictionary that defines the word springing executory interest:

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  1. springing executory interest: Wiktionary

Definitions from Wiktionary (springing executory interest)

noun:  (law) An interest in an estate in land created by the conditions of a grant wherein the grantor cuts short the grantor's own interest in the property in favor of the grantee, contingent upon the occurrence of a specific condition.

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