The Collaborative International Dictionary of English v.0.48:

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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