%expectancy%

{ } n. 1. The act of expecting; expectation. Milton. [ 1913 Webster ]

2. That which is expected, or looked or waited for with interest; the object of expectation or hope. [ 1913 Webster ]

The expectancy and rose of the fair state. Shak. [ 1913 Webster ]

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. [ 1913 Webster ]