reversion

(redirected from atavism)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia, Wikipedia.

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

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 ?
* Atavism theory states that hyperdontia was the result of phylogenetic reversion to extinct primates with three pairs of incisors.
Here is manifest the thematic that criss-crossed the continent with the explosion of theories of degeneration and atavism, like those of Lombroso or Nordau: the concern over racial integrity that infused late-nineteenth century discourses of evolutionism.
Glancy's narrator mocks both autobiographical atavism of the "dried out" poet "jabbering about his life and firewater flea-market days along the bar-rails of life" (12, 16) and the impotence of the storyteller who leaves his audience with only the "broken cottonwood twig in our hand" (16).
After all, it can merely be considered as an atavism. Observations made in laudatum and pinguipes of rare occurrence of a M + CuA + CuPaa (Fig.
Natta's portrayal of the atavism of crowds prefigures the theories of Gustave Le Bon.
What we might call singular, or universal, ethicists often accuse pluralists of parochial atavism, while the partisans of plural, usually national, ethics think that the universalists are naive at best, arrogant at worst.
The people who swarmed into Tahrir Square and stayed to see Mubarak go were united in wanting progress, not atavism. And for a while the Islamist politicians seemed to respect their wishes.
Like the famous (and popular) attitude of Israel's David Ben-Gurion, the position of the American Jewish mainstream (Conservative, Reform, and the majority unaffiliated with any movement), was that Orthodoxy should be tolerated as a cultural atavism, sure to wither under exposure to the sunshine of modernity.
Darwin is well known for his depictions of "atavism" or reversion to degradation or monstrosity, or earlier primal roots.
In his sociology text The Simple Life: Plain Living and High Thinking in American Culture, historian David Shi argues that the notion of simple, self-reliant living basically reinvents itself throughout American history, emerging and reemerging in a variety of forms-"the agrarian myth, the Adamic identity, the noble savage." And according to Shi, this cyclical atavism tends to gain traction during times of national crisis.
Back to Parachin (ancient) Indian of Chandra Gupta and Asoka (prior to turning a Buddhist monk) has assumed the force of an aggressive atavism. To Ram-Ram and Namaste, as the standard form of salutation, has been added 'Jai-Radha-Krishan'.
Russian criminologists, according to Beer, rejected the concept of biological atavism in favor of degeneration, as the latter concept recognized biological and psychological differences between deviants and the healthy majority but retained the importance of the "environment" factor.