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Reversionary Interest

 
Business Dictionary: Reversionary Interest

Interest a person has in property upon the termination of the preceding estate. See Remainder; Remainderperson.

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Real Estate Dictionary: Reversionary Interest
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The Interest a person has in property upon the termination of the preceding Estate.
Example: Abel is the Remainderman in property that was granted to Baker for life. Abel has a reversionary interest in the property.

 
 

 

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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