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inchoate interest
in·cho·ate in·ter·est (plural in·cho·ate in·ter·ests)


noun 
Definition:
 
future interest in property: an interest in a property that does not entail any legal right to it, e.g. the right to buy it at a later date
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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