reversion
Definitions (2)
1. Automatic return of a trust property to the trust creator after the trust ends. A trust which provides for a reversion is called a reversionary trust.
2. Future interest in a property arising from the operation of law. For example, if A grants a property "to B for life" then A's interest in the property is reversionary because after B's death the entire property will return to A or his or her heirs. See also remainder.
News containing the term reversion
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