expectancy

expectancy
    n 1: an expectation [syn: {anticipation}, {expectancy}]
    2: something expected (as on the basis of a norm); "each of them
       had their own anticipations"; "an indicator of expectancy in
       development" [syn: {anticipation}, {expectancy}]
    

Expectance \Ex*pect"ance\, Expectancy \Ex*pect"an*cy\, n.
   1. The act of expecting; expectation. --Milton.
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   2. That which is expected, or looked or waited for with
      interest; the object of expectation or hope.
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            The expectancy and rose of the fair state. --Shak.
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   {Estate in expectancy} (Law), one the possession of which a
      person is entitled to have at some future time, either as
      a remainder or reversion, or on the death of some one.
      --Burrill.
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EXPECTANCY, estates. Having a relation to or dependence upon something 
future. 
     2. Estates are of two sorts, either in possession, sometimes called 
estates executed; or in expectancy, which are executory. Expectancies are, 
first, created by the parties, called a remainder; or by act of law, called 
a reversion. 
     3. A bargain in relation to an expectancy is, in general, considered 
invalid. 2 Ves. 157; Sel. Cas. in Ch. 8; 1 Bro. C. C. 10; Jer. Eq. Jur. 397.