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We found one dictionary that defines the word fee simple subject to executory interest:

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  1. fee simple subject to executory interest: Wiktionary

Definitions from Wiktionary (fee simple subject to executory interest)

noun:  (law) A defeasible fee created with clear durational language expressing a condition (e.g. "so long as", "until", "while") which causes ownership of a property to revest in a third party identified by the grantor if that condition comes about.

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