reversion

reversion, n.

1. The interest that is left after subtracting what the transferor has parted with from what the transferor originally had; specif., a future interest in land arising by operation of law whenever an estate owner grants to another a particular estate, such as a life estate or a term of years, but does not dispose of the entire interest. • A reversion occurs automatically upon termination of the prior estate, as when a life tenant dies. — Also termed reversionary estate; estate in reversion; equitable reversion. [Cases: Reversions

1. C.J.S. Estates §§ 103–104.]

2. Loosely, REMAINDER. Cf. POSSIBILITY OF REVERTER; REMAINDER. — reversionary, adj. — revert, vb.

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词条贡献者

资深译员王漾，毕业于一所旨在培养高级翻译专业人才的翻译院校，擅长翻译各类与雇主商业秘密相关的法律文件。