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future interests

blackacre

Blackacre refers to a fictional plot of land which is often used in examples when teaching or explaining property law concepts. In examples where more than one plot of land is necessary, Blackacre is often paired with fellow fictional plot of land Whiteacre

[Last reviewed in June of 2022 by the Wex Definitions Team]

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collaterals

Collaterals are relatives who descend from a common ancestor, other than direct ancestors and issue. Examples of one’s collaterals would be relatives such as uncles, aunts, or cousins. On the other hand, one’s ancestors are parents, grandparents, great-grandparents. 

[Last reviewed in July of 2022 by the Wex Definitions Team]

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