Legal Dictionary
Main Entry:
re·ver·sionPronunciation:
ri-'v&r-zh&nFunction:
nounEtymology: 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 : the present vested interest in the residue of an estate that remains in its owner after the grant therefrom of a lesser estate (as a life estate) and that will commence in possession by operation of law upon termination of the lesser estate
b : the future interest in property left in a grantor or his or her successor in interest that is not subject to a condition precedent —compare
POSSIBILITY OF REVERTER,
REMAINDER —
re·ver·sion·ary /-zh&-"ner-E/ adjective