reversion

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Reversion

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.

Cross-references

Estate.

reversion

n. in real property, the return to the grantor or his/her heirs of real property after all interests in the property given to others has terminated. Examples: George Generous deeded property to the local hospital district for "use for health facilities only," and the hospital is eventually torn down and the property is now vacant. The property reverts to George's descendants; George wills the property to his sister's children only, who later died without children. When the last grandchild dies the property reverts to George's descendants. Reversion is also called "reverter." (See: reverter)

reversion

(Act of returning), noun about-face, recidivism, regress, regression, relapse, retroaction, retrocession, retrogradation, retrogression, retroversion, return, reversal, reverse, reverting, throwback, turnabout, turnaround

reversion

(Remainder of an estate), noun future innerest, future possession, hereditas, remainder over, residue, right of future enjoyment, right of future possession, right of succession
Associated concepts: equitable reversion, life estate, partial reversion, reversionary interest, right of reversion
See also: continuation, decline, defeasance, devolution, expiration, heritage, lapse, nollo prosequi, recidivism, reconversion, recovery, recrudescence, relapse, remainder, restitution, resumption, resurgence, reversal

reversion

an interest in an estate that reverts to the grantor or his heirs at the end of a period, such as at the end of the life of a grantee; or an estate so reverting.

REVERSION, estates. The residue of an estate left in the grantor, to commence in possession after the determination of some particular estate granted out by him; it is also defined to be the return of land to the grantor, and his heirs, after the grant is over. Co. Litt. 142, b.
     2. The reversion arises by operation of law, and not by deed or will, and it is a vested interest or estate, and in this it differs from a remainder, which can never be limited unless by either deed or devise. 2 Bl. Comm. 175; Cruise, Dig. tit. 17; Plowd. 151; 4 Kent, Comm. 349; 19 Vin. Ab. 217; 4 Com. Dig. 27; 7 Com. Dig. 289: 1 Bro. Civil Law, 213 Wood's Inst. 151 2 Lill. Ab. 483. A reversion is said to be an incorporeal hereditament. Vide 4 Kent, Com. 354. See, generally, 1 Hill. Ab. c. 52, p. 418; 2 Bouv. Inst. n. 1850, et seq.

References in periodicals archive ?
Whereas he claims that white-Aboriginal mixture produces neither potential nor actual examples of atavism to the `black' side of the equation, things are distinctly different in white-`negro' unions.
Atavisms also occur; in Bolitoglossa subpalmata (a species that normally possesses dt 4 + 5) the ancestral pattern of separate and distinct dt 4 and dt 5 is a variant observed in natural populations (Alberch 1983).
Born criminals are endowed with many of the characteristics of "savage races" and their atavism "may go back far beyond the savage, even to the brutes themselves" (Ibid.
Tribal atavism would be giving up any hope for Africa.
Seitler's chapter "Late Modern Morphologies" examines in further detail the specific role of photography in rendering knowledge of atavism during the late nineteenth and early twentieth centuries, primarily in medical and anthropological discourses.
Seeing large organizations as inherently dehumanizing, he also had some of the atavism of classic libertarianism, arguing for policies that would protect and promote the freedom and health of the individual.
This makes ' honour killings' a reflection of the atavism that still afflicts rural communities in large swathes of northern India.
EU lethargy and growing irrelevance in global public affairs owes much to Eurocentric political atavism.
To a considerable degree, his vaunting atavism springs from an acculturation to modernity itself.
who connects his idea of the primitive to the history of primitive capital accumulation, commodity fetishism, the narcissistic inflection of the subject, and the production of American mythographies and atavism.
metopism can be related to varied causes, such as: abnormal growth of the cranial bones, pathologic metopism triggered by hydrocephalus, growth interruption, heredospecific factors, sexual influence, heredity, atavism (emergence of a feature supposedly present in a remote ancestral, as a function of random recombination of genes or environmental conditions favorable to its expression in the embryo), stenocrotaphia (abnormal narrowing of the temporal area of the head), plagiocephaly (cranial malformation causing a twisted and asymmetrical head because of the synostosis of the cranial sutures), scaphocephaly (deformed head, projecting forward like the keel of a boat), mechanical causes and hormonal dysfunction.
Mortimer's article entitled "Some Freaks of Atavism," which Dr.