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 ?
Long Term Fixed Remortgage Astra Mortgages has a 20-year fixed rate mortgage of 5.99% reverting to the lender's standard variable rate for the rest of the term, currently 7.05%.
Buy-To-Let Remortgage Astra Mortgages has a five-year fixed rate mortgage of 6.53%, reverting to the lender's standard variable rate for rest of the term, currently 6.45%.
Long Term Fixed Rate Nationwide Building Society has a five-year fixed rate mortgage of 5.85% reverting to lender's standard variable rate for rest of the term, currently 6.49%.
Short Term Fixed Remortgage Abbey has a fixed rate mortgage of 5.88% until August 2, 2011, reverting to lender's standard variable rate for rest of the term, currently 7.09%.
Buy-to-let BM Solutions has a fixed rate mortgage of 5.79% until October 1, 2011 reverting to Bank of England base rate plus 2.44% for the rest of the term, currently 7.44%.
BM Solutions has a fixed rate mortgage of 5.79% until October 1, 2011 reverting to the Bank of England base rate plus 2.44% for the rest of the term, currently 7.44%.
Nationwide is offering a five-year fixed rate mortgage, at a rate of 5.83%, reverting to the standard variable rate for the remaining term of the mortgage, currently 6.74%.
Nationwide is offering a five-year fixed rate mortgage, at a rate of 5.63%, reverting to the standard variable rate for the remaining term of the mortgage, currently 6.74%.
The Abbey is offering a fixed rate until June 2, 2013, at a rate of 5.54%, reverting to the standard variable rate for the remaining term of the mortgage, currently 7.34%.
The RBS is offering a fixed rate until April 30, 2013, at a rate of 5.54%, reverting to the standard variable rate for the remaining term of the mortgage, currently 7.69%.
BM Solutions is offering a tracker mortgage capped until June 1, 2011, at a current rate of 5.64% and a maximum rate of 5.89%, reverting to the standard variable rate for the remaining term of the mortgage, currently 7.69%.
The Halifax is offering a fixed rate deal until February 28, 2010, at a rate of 5.69%, reverting to its standard variable rate for the remaining term of the mortgage, currently 7.5%.