| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 3,898,436,766 visitors served. |
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Reverter, Possibility of |
Also found in: Financial | 0.01 sec. |
|
|
A contingent future interest in real property that a grantor of a determinable fee possesses after he or she has conveyed property. The possibility of reverter arises when the grantor of real property has conveyed land subject to the possibility that the estate will return to her or to her heirs if a certain specified limitation occurs. For example, if A, owner of Black-acre in fee simple, makes the conveyance, "To B and B's heirs as long as the land is used for church purposes," then A has a possibility of reverter. A is entitled to the return of the land if B and B's heirs do not use the land for the designated purpose. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
|
| Legal Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup |
|---|