possibility of reverter

Also found in: Legal.

reverter, possibility of

The interest retained by a grantor after transferring a determinable fee (one that will automatically end on a specified event,such as “to Mary until her thirtieth birthday or marriage,whichever comes first) or an estate in fee simple conditional (available in only some states, it says that a gift to A “and the heirs of his body”retains a possibility of reverter in the grantor because A might never have any heirs of his body).

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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