revert

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revert

verb backslide, change back, lapse, recede, regress, retreat, retrograde, retrogress, retrovert, reverse, turn back
See also: disorganize, escheat, recur, regress, relapse, repeat, return, revoke

revert

of an estate or interest in land, to return to its former owner or his heirs when a grant, such as a grant for the lifetime of the grantee, comes to an end.
References in periodicals archive ?
In anticipation of the receipt of these funds, the Company had previously recorded this revertible trust as a current asset.
An additional contribution of $160 million from anticipated proceeds of revertible trusts is also planned for the fourth quarter of 1994.
The 1992 special credit was due to reversing previously recorded reserves established for a revertible trust related to the sale of the Warren, Ohio steel facility in 1988.