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Reverse

To overthrow, invalidate, repeal, or revoke.

For example, an appeals court reverses the judgment, decree, or sentence of a lower court either by substituting its own decision or by returning the case to the lower court with instructions for a new trial.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

reverse

to revoke or set aside a judgment or a decree.
Collins Dictionary of Law © W.J. Stewart, 2006

TO REVERSE, practice. The decision of a superior court by which the judgment, sentence or decree of the inferior court is annulled.
     2. After a judgment, sentence or decree has been rendered by the court below, a writ of error may be issued from the superior to the inferior tribunal, when the record and all proceedings are sent to the supreme court on the return to the writ of error. When, on the examination of the record, the superior court gives a judgment different from the inferior court, they are said to reverse the proceeding. As to the effect of a reversal, see 9 C. & P. 513 S, C. 38 E. C. L. Rep. 201.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
These include the Cash Account Advantage Plan jumbo reverse-mortgage loans offered by Irvine, California-based Financial Freedom Senior Funding Corporation, and a new jumbo product offered by Seattle-based Seattle Mortgage Co.'s Reverse Mortgage of America division.
In summer 2006, for example, Rhode Island enacted a bill that eliminates the state's 10-year term limitation on reverse mortgages and makes existing reverse-mortgage provisions less ambiguous.
As with securitizations of other mortgage loans, securitizations backed by reverse mortgages spread out the risk, giving reverse-mortgage lenders greater financial leverage to make and market these loans.
Until recently, reverse mortgages were rarely securitized.
The minimum Ginnie Mae reverse MBS balance reportedly will be $1 million, with advances spread across multiple MBSs over the life of the loan, according to National Mortgage News.
Reverse mortgages today may offer borrowers several unique advantages, including the following:
* Reverse mortgages are non-recourse loans, so no assets of the borrower or the borrower's estate other than the home can be used to repay the loan.