reversion

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Reversion

reversion

The interest retained by a grantor after transferring some of its interests but not all. A landlord transfers some of its interests when it executes a lease; the right retained is the reversion. Also called a reversionary interest. Contrast with right of reentry.

References in periodicals archive ?
conveys public land under the R&PP Act authority, it retains a reversionary interest in the land which allows the U.
In case of death during the policy term, provided all due premiums have been paid, Death benefit, defined as sum of "Sum Assured on Death",vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable.
The author covers the taking of Guant<AEa>namo during the Spanish-American War, life on the ground at GTMO a century later, formalizing the Naval Station Agreement, CubaAEs reversionary property interest in Guant<AEa>namo, de jure and de facto sovereignty, and many other related subjects over the course of the bookAEs five chapters.
Alex Eagleton, from Harris Lamb which acted for CBRE Global Investors, said: "As a freehold investment located in a well-established commercial area, the opportunity to purchase Expressway was very well received, particularly due its reversionary rent, eventually going to two rounds of bids with interested parties and exceeding the asking price of PS808,275.
An update to shareholders showed the firm's Reversionary business - where Grainger buys an interest in inhabited properties - saw sales of vacant properties achieve prices on average 3.
An update to shareholders showed the firm's Reversionary business, where Grainger buys an interest in inhabited properties, saw sales of vacant properties achieve prices on average 3.
Mortgages director, Lloyds Bank, Marc Page, commented "Since the end of 2012, as the gap has grown between fixed rates and reversionary rates, there has been a real financial incentive for homeowners to remortgage, yet activity in this market remains low by historical standards.
Middle Eastern investors continue to actively invest in the UK and in particular central London and we believe given the overall strength of the tenant mix, average unexpired lease terms and the reversionary nature of some of the leases, we will see serious interest from this part of the globe," said Robin Williamson, head of Middle East Real Estate at Deloitte's Financial Advisory practice in the Middle East, Deloitte Corporate Finance Limited (DCFL).
Jamie Olley, head of City Investment at Deloitte Real Estate, said: "For investors, this prime office property provides an attractive combination of stable and reversionary income with opportunities to add value via asset management.
A more than 5 percent reversionary interest in the proceeds is an incident of ownership.
In Robinette, the Supreme Court held, in a situation involving a complex contingent reversionary interest, that the taxpayers could not reduce a gift's value by the value of the interest because there was no accepted way of actuarially determining the interest's value and thus the value was too speculative.
For instance, even dual screen Aspen systems configured for reversionary fail-safe are both fed from the same picot/static system.