|Noun||1.||expectancy - pleasurable expectation|
|2.||expectancy - something expected (as on the basis of a norm); "each of them had their own anticipations"; "an indicator of expectancy in development"|
EXPECTANCY, estates. Having a relation to or dependence upon something
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.