Expectancy

{ Ex*pect"ance (?), Ex*pect"an*cy (?), } n. 1. The act of expecting ; expectation. Milton.

2. That which is expected, or looked or waited for with interest; the object of expectation or hope.

The expectancy and rose of the fair state.
Shak.

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.