Reversion (law)

Reversion (law)

In law, a reversion is an agreement such that one party (grantee) is given a possessory interest in a property from another (grantor) under the understanding that the interest will "revert" to the grantor at the expiration of the grantee's interest (e.g. grantee's death, expiration of a term of years, etc.).

A common form of a reversion is for one person to allow another to possess a house until their death, upon which time it reverts to the grantor. This may be represented by the language "To A for life," with the reversionary interest assumed.

Reversions themselves can be thought of as a form of derivative in which the underlying asset is a piece of property rather than a more usual financial instrument. Reversions can thus themselves be bought and sold.


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  • reversion — re·ver·sion /ri vər zhən/ n [Anglo French, from Middle French, from Latin reversio act of turning back, from revertere to turn back] 1: the returning of an estate upon its termination to the former owner or to his or her successor in interest 2 a …   Law dictionary

  • reversion rights — noun automatic reversionary rights, retroaction, retroversion, reversal of rights, reversionary interest, reverting Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • reversion to the government — index escheatment Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • reversion to the state — index escheatment Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • Reversion — may refer to:*Reversion (law) *Reversion (software development) *Re version, the re release of an existing television programmes or film. *Series reversion, in mathematics *Reversion, in evolutionary biology it is the return of a character to one …   Wikipedia

  • reversion — re‧ver‧sion [rɪˈvɜːʆn ǁ rɪˈvɜːrʒn] noun [uncountable] LAW the return of property, for example at the end of a period of time when someone else has had the right to use it: • the reversion of Hong Kong to China * * * reversion UK US /rɪˈvɜːʃən/… …   Financial and business terms

  • Reversion — Re*ver sion (r[ e]*v[ e]r sh[u^]n), n. [F. r[ e]version, L. reversio a turning back. See {Revert}.] 1. The act of returning, or coming back; return. [Obs.] [1913 Webster] After his reversion home, [he] was spoiled, also, of all that he brought… …   The Collaborative International Dictionary of English

  • Reversion of series — Reversion Re*ver sion (r[ e]*v[ e]r sh[u^]n), n. [F. r[ e]version, L. reversio a turning back. See {Revert}.] 1. The act of returning, or coming back; return. [Obs.] [1913 Webster] After his reversion home, [he] was spoiled, also, of all that he… …   The Collaborative International Dictionary of English

  • reversion or estate in reversion — /(asteyt in) ravarzhan/ A future interest under which a grantor retains a present right to a future interest in property that the grantor conveys to another; usually the residue of a life estate. The residue of an estate left by operation of law… …   Black's law dictionary

  • reversion — or estate in reversion /(asteyt in) ravarzhan/ A future interest under which a grantor retains a present right to a future interest in property that the grantor conveys to another; usually the residue of a life estate. The residue of an estate… …   Black's law dictionary

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