Final answer:
FSSEI stands for Future Security and Shifting Executory Interest. It refers to a type of interest that can shift from one party to another based on certain conditions being met. This concept is often used in estate planning and property transactions.
Step-by-step explanation:
FSSEI stands for Future Security and Shifting Executory Interest. In legal terms, it refers to a type of interest that is created in a property or asset, where the interest can shift from one party to another based on certain conditions being met.
For example, if a person transfers property to party A, but states in the deed that if a certain event happens, the property will then be transferred to party B, party B would have a shifting executory interest in the property.
This concept is often used in estate planning and property transactions to ensure that certain conditions are met before the interest in the property is transferred to another party.