reversion

A future estate in either real or personal property arising by operation of law to take effect in possession in favor of a grantor, lessor, or transferor, or his heirs, distributees, devisees, or legatees, after the termination of a prior particular estate granted, demised, or devised. 28 Am 32d Est § 171. An estate arising from the failure to dispose of an ultimate interest, or from the failure of an attempted but invalid disposition of an ultimate interest. 28 Am J2d Est § 173. The returning of property to the grantor or his heirs or devisees upon the exhaustion or running out of the grant, in other words, the returning of the property after the grant is over. Norman v Horton, 344 Mo 290, 126 SW2d 187, 125 ALR 531. The estate of a landlord during the existence of the outstanding leasehold estate. 32 Am J1st L & T § 76. An estate in praesenti, vested in the sense of a present fixed right of enjoyment in futuro. Norman v Horton, 344 Mo 290, 126 SW2d 187, 125 ALR 531; an estate dependent in respect of possession on the determination of the particular estate granted or devised. Metcalfe v Miller, 96 Mich 459, 56 NW 16. A reversion may exist, under the view taken in some jurisdictions, as a repository for the "fee" or "inheritance" to be taken under ultimate contingent interests during the pendency of present interests. For instance, a reversion is sometimes stated to exist where an ultimate remainder in fee is contingent. Until it vests, there is a reversion in the grantor or devisor and his heirs. 28 Am J2d Est § 173. The words "revert" and "reversion" are sometimes loosely used to describe an interest different from a reversion in the true sense of the term. A reversion does not become a remainder or a remainder a reversion because it is so called in the instrument creating it. The words should be construed in the light of the intent of the testator or grantor. Brown v Guthery, 190 NC 822, 130 SE 836. See possibility of reverter; reverter.

Ballentine's law dictionary. . 1998.

Synonyms:

Look at other dictionaries:

  • réversion — [ revɛrsjɔ̃ ] n. f. • revercioun 1304; lat. reversio, de revertere 1 ♦ Dr. Droit de retour. Pension de réversion. (Parfois prononcé [ rəvɛrsjɔ̃ ] par infl. de reverser.) 2 ♦ Biol. Changement dans l A. D. N. qui inverse une altération causée par… …   Encyclopédie Universelle

  • reversion — re·ver·sion /ri vər zhən/ n [Anglo French, from Middle French, from Latin reversio act of turning back, from revertere to turn back] 1: the returning of an estate upon its termination to the former owner or to his or her successor in interest 2 a …   Law dictionary

  • 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 …   Wikipedia

  • reversion — re‧ver‧sion [rɪˈvɜːʆn ǁ rɪˈvɜːrʒn] noun [uncountable] LAW the return of property, for example at the end of a period of time when someone else has had the right to use it: • the reversion of Hong Kong to China * * * reversion UK US /rɪˈvɜːʃən/… …   Financial and business terms

  • reversion — 1 return, recurrence, recrudescence (see under RETURN vb) 2 Reversion, atavism, throwback are comparable when they mean return to an ancestral type or an instance of such return. The same distinctions in implications and connotations are evident… …   New Dictionary of Synonyms

  • Reversion — Re*ver sion (r[ e]*v[ e]r sh[u^]n), n. [F. r[ e]version, L. reversio a turning back. See {Revert}.] 1. The act of returning, or coming back; return. [Obs.] [1913 Webster] After his reversion home, [he] was spoiled, also, of all that he brought… …   The Collaborative International Dictionary of English

  • reversion — or estate in reversion /(asteyt in) ravarzhan/ A future interest under which a grantor retains a present right to a future interest in property that the grantor conveys to another; usually the residue of a life estate. The residue of an estate… …   Black's law dictionary

  • reversion — Reversion. s. f. v. Terme de pratique & de Jurisprudence, formé du verbe Revertir, qui n est point en usage. Retour, réünion d un fief mouvant au fief dominant, dont il avoit esté détaché. Les appanages se donnent à charge de reversion faute d… …   Dictionnaire de l'Académie française

  • reversion — (n.) early 15c., from O.Fr. reversion, from L. reversionem (nom. reversio), noun of action from pp. stem of revertere (see REVERT (Cf. revert)) …   Etymology dictionary

  • reversión — sustantivo femenino 1. Uso/registro: elevado. Acción y resultado de revertir: La reversión de los inmuebles a los antiguos propietarios es un acto de justicia. Sinónimo: retorno …   Diccionario Salamanca de la Lengua Española

  • reversion — reversion. См. реверсная мутация. (Источник: «Англо русский толковый словарь генетических терминов». Арефьев В.А., Лисовенко Л.А., Москва: Изд во ВНИРО, 1995 г.) …   Молекулярная биология и генетика. Толковый словарь.

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.