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Noah Webster's 1828 American Dictionary
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E  ›  expectancy
E  ›  expectancy
1828 Definition

EXPECT'ANCY, n. The act or state of expecting; expectation.

1. Something expected.

2. Hope; a looking for with pleasure.

EXPECT'ANCY, n. In law, a state of waiting or suspension. An estate in expectancy is one which is to take effect or commence after the determination of another estate. Estates of this kind are remainders and reversions. A remainder, or estate in remainder, is one which is limited to take effect and be enjoyed after another estate is determined. Thus when a grant of land is made to A for twenty years, and after the determination of that term, to B and his heirs forever; A is tenant for years, remainder to B in fee. In this case, the estate of B is in expectancy, that is, waiting for the determination of the estate for years. A reversion is the residue of an estate left in the grantor, to commence in possession after the determination of a particular estate granted out by him. As when A leases an estate to B for twenty years; after the determination of that period, the estate reverts to the lessor,but during the term the estate of the lessor is in expectancy.

1913 Definition
THIS exact word is NOT found in the 1913 dictionary.
1828 dictionary
Noah Says...
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Although, the length of utility and plant patent protection (patent term) was previously seventeen years from the date of patent grant, utility and plant patents filed after June 8, 1995 now have a patent term of up to twenty years from the date of filing of the earliest related patent application. Utility and plant patents which were applied for prior to June 8, 1995, and which were or will be in force after June 8, 1995, now have a patent term of seventeen years from the date of patent grant or twenty years from the date of filing of the earliest related patent application, whichever is longer. Utility patents are subject to the payment of periodic maintenance fees to keep the patent in force. Patent terms can be extended under some specific circumstances. See the U.S. Code Title 35 - Patents for a full description of patent laws. Understanding patent duration is important and here at IPStreet.com, we care about your patent duration, threats of patent infringement and the value of patent business intelligence.




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