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A reversionary clause provides that the grantee must fulfill some obligation or restriction or the property reverts back to the former owner. To 'satisfy' the reversionary clause you fulfill the obligation

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9y ago

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Related Questions

When is real estate reversionary?

Real property is subject to reversion if there was reversionary language in the deed or will that transferred the title.


What is Reversionary Bonus in Life Insurance?

Reversionary Bonus Means, Life insurance company will declare bonus every year fo the Traditional and Endownment policies. It based upon company profit by that particular type of products. And reversionary bonus wil increase gradually for every year.


Simple reversionary bonus system?

distinguish between ordinary revival scheme and special revival scheme


What is reversionary intereset?

A reversionary interest is a future interest in property that a grantor retains after transferring a lesser interest to another party. When the lesser interest ends, the property automatically reverts back to the grantor or their heirs. This legal concept ensures that the original owner can regain control of the property after the specified condition or period expires. It is commonly used in estate planning and property law.


What are the dividends paid on life insurance policies considered to be?

The dividends paid on life insurance policies by the insurer are called reversionary bonus which varies yoy.


What are dividends paid on life insurance policies considered to be?

The dividends paid on life insurance policies by the insurer are called reversionary bonus which varies yoy.


The what is also known as the elastic clause?

Another name for the Elastic Clause is the Necessary and Proper Clause.


What is an objective clause?

An objective clause is a clause which is like a learning objective but this is the objective for an clause


When was Satisfy created?

Satisfy was created in 2003.


When was Satisfy You created?

Satisfy You was created in 1998.


What is the prefix for satisfy?

The prefix for satisfy is "sat-".


What is the past tense of satisfy?

The past tense of satisfy is satisfied.

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