possibility of reverter

A reversionary interest that is subject to a condition precedent; specif., a future interest retained by a grantor after conveying a fee simple determinable, so that the grantee’s estate terminates automatically and reverts to the grantor if the terminating event ever occurs.

• In this type of interest, the grantor transfers an estate whose maximum potential duration equals that of the grantor’s own estate and attaches a special limitation that operates in the grantor’s favor. — Often shortened to reverter. See fee simple determinable under FEE SIMPLE. Cf. REMAINDER(1); REVERSION.

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词条贡献者

译者Mathew，国际知名法学院国际仲裁与争端解决专业，擅长翻译各种与美国国内仲裁相关的法律文件。