reversion

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Giving the grantor some right or interest in a property to arise in the future.

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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.

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noun

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

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

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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.

A change in the operating mode. Normally, it refers to control reversion when the mode of operation of control changes from powered to manual operation.

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the restoration, by a second mutation, of the genomic base sequence of a mutant virus or organism to that of the parental strain. Less strictly, any return to the original phenotype. See also back mutation, reverse mutation.

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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.

For a list of words related to reversion, see:

• Decisions, Judgments, and Conditions - reversion: return of title to real estate to former owner or owner’s heirs at termination of temporary grant
• Deeds, Leases, and Real Property Law - reversion: return of property to original owner or heirs at expiration of temporary grant
• Syndromes, Disorders, and Conditions - reversion: return to former or regressed condition

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This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)

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

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