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 ?
99% which runs until July 31, 2028 before reverting to lender's standard variable rate for the rest of the term, currently 7.
He kept doing frontside tailslides reverting down almost the entire wall all weekend.
Reverting would have given Notre Dame the berth automatically.
88% which runs until August 2, 2011 before reverting to the lender's standard variable rate for rest of the term, currently 7.
In a joint-statement, Tattersalls (Ireland) chairman Edmond Mahony and Goffs managing director Matt Mitchell said: "Tattersalls(Ireland) September Yearling Sale will be reverting to its original date.