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 classic literature ?
Pitt can't be such an infernal villain as to sell the reversion of the living.
In great families, when an advantageous place cannot be obtained, either in possession, reversion, remainder, or expectancy, for the young man who is growing up, it is a very general custom to send him to sea.
The reversion falling in soon after they were married, Fledgeby's father laid hold of the cash for his separate use and benefit.
The regression results indicate that the mean reversion of fast trading stocks is a different phenomenon when compared to size or volume related mean reversions.
Only two articles published in The Appraisal Journal over the last four decades have been devoted specifically to the study of reversions.
They can do this through taking out a home reversions scheme under which they sell a proportion of their home to a home reversion company for a lump sum.
21tn, according to equity release specialist Sovereign Reversions.
Now the FSA is on the case, home reversions could become more acceptable.
These schemes are called home reversions and are on offer from a large number of companies, including Northern Rock and Norwich Union.
It's an exciting time to be joining the team as home reversions and equity release are on an upward sales trend.
In 1965, the first reversion income scheme was introduced by Home Reversions.
SHIP, which represents 90% of the equity release industry, believes the introduction of regulation in lifetime mortgages, and not home reversions, will lead to a two-tier system.