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reversion

 
Dictionary: re·ver·sion   (rĭ-vûr'zhən) pronunciation
n.
  1. A return to a former condition, belief, or interest.
  2. A turning away or in the opposite direction; a reversal.
  3. Genetics. A return to the normal phenotype, usually by a second mutation.
  4. Law.
    1. The return of an estate to the grantor or to the grantor's heirs or successor after the grant has expired.
    2. The estate thus returned.
    3. The right to succeed to an estate.

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Business Dictionary: Reversion
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Giving the grantor some right or interest in a property to arise in the future.

Real Estate Dictionary: Reversion
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The right of a Lessor to Possess leased property upon the termination of a Lease.
Example: Evans purchases the home of Felker, a senior citizen, and leases the home back to Felker for life. Evans has the right to receive rental payments from Felker plus a reversion of the property at Felker's death.

Thesaurus: reversion
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noun

    A return to a former, usually worse condition: regression, retrogradation, retrogression. See forward/backward, repetition.

Architecture: reversion
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Chemical reaction leading to the deterioration of a sealant, backup, or filler; due to moisture trapped behind the sealant.


Law Encyclopedia: Reversion
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This entry contains information applicable to United States law only.

Any future interest kept by a person who transfers property to another.

A reversion occurs when a property owner makes an effective transfer of property to another but retains some future right to the property. For example, if Sara transfers a piece of property to Shane for life, Shane has the use of the property for the rest of his life. Upon his death, the property reverts, or goes back, to Sara, or if Sara has died, it goes to her heirs. Shane's interest in the property, in this example, is a life estate. Sara's ownership interest during Shane's life, and her right or the right of her heirs to take back the property upon Shane's death, are called reversionary interests.

A reversion differs from a remainder because a reversion arises through the operation of law rather than by act of the parties. A remainder is a future interest that is created in some person other than the grantor or transferor, whereas a reversion creates a future interest in the grantor or his or her heirs. If Sara's transfer had been "to Shane for life, then to Lily," Lily's interest would be a remainder.

See: estate.

Veterinary Dictionary: reversion
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1. a returning to a previous condition; regression.
2. in genetics, inheritance from some remote ancestor of a character that has not been manifest for several generations.

Wikipedia: Reversion
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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 of its previous ancestral states. Reversion is quite commonly observed within DNA. The existence of reversion refutes Dollo's law a 19th century theory that evolution cannot return to a prior form of an organism. Similarly, in horticulture, a reversion is when a plant or branch of a specific cultivar, such as a dwarf, returns to the growth pattern of the parent variety.
  • Reversion or reversionary benefit, in real estate appraisal it is a lump-sum benefit an investor receives or expects to receive upon the termination of an investment. A reversion can be used in real estate valuation by valuing the last projected cash flow as a perpetuity using a reversion cap rate

See also


Translations: Reversion
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Dansk (Danish)
n. - tilbagevending, tilbagevenden, ejendomsret, reversion

Nederlands (Dutch)
omdraaiing

Français (French)
n. - retour, (Jur, Assur) réversion

Deutsch (German)
n. - Rückkehr, Rückfall

Ελληνική (Greek)
n. - επάνοδος

Italiano (Italian)
reversione

Português (Portuguese)
n. - reversão (f)

Русский (Russian)
возврат, обратный переход (имущества)

Español (Spanish)
n. - reversión, salto atrás, inversión

Svenska (Swedish)
n. - (jur) återgång av egendom, (jur) expektans, bakslag

中文(简体)(Chinese (Simplified))
回复, 归还, 逆转, 退回

中文(繁體)(Chinese (Traditional))
n. - 回復, 歸還, 逆轉, 退回

한국어 (Korean)
n. - 역전, 복귀, 전도

日本語 (Japanese)
n. - 戻ること, 復帰, 先祖返り, 復帰財産, 財産の復帰, 転倒, 逆転

العربيه (Arabic)
‏(الاسم) عودة الملك أو الحق عند حلول أجل معين, حق الخلافه أو الإمتلاك في المستقبل‏

עברית (Hebrew)
n. - ‮חזרה לסורו, חזרה לבעלים קודמים, חזרה, סכום כסף המשולם עם פטירתו של אדם, בעיקר מביטוח, החזרת הבעלות על נכס לבעלים המקוריים לאחר מות הבעלים הנוכחיים, חזרה לטיפוס הביולוגי של האבות‬


 
 

 

Copyrights:

Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more
Thesaurus. Roget's II: The New Thesaurus, Third Edition by the Editors of the American Heritage® Dictionary Copyright © 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.  Read more
Architecture. McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc. All rights reserved.  Read more
Law Encyclopedia. West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved.  Read more
Veterinary Dictionary. Saunders Comprehensive Veterinary Dictionary 3rd Edition. Copyright © 2007 by D.C. Blood, V.P. Studdert and C.C. Gay, Elsevier. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Reversion" Read more
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