Definitions for "Reversionary Interest" Add To Word List
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The future right to an interest in settled property.
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An interest whereby a property goes back to the original grantor upon occurrence of an event, such as the death of a life tenant.
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An interest in a well or property that becomes effective at a specified time in the future or on the occurrence of a specified future event.
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The interest that a person has in the reversion of lands or other property. A right to the future enjoyment of property that is at present in the possession of another.
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Interest a person has in lands or other property on termination of a lesser estate, such as a leasehold estate.
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the interest in a property that an individual has at the severance of a previous estate.
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a right to recover property at some time in the future
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The possibility that property will return to the donor after it has been given away.
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Pertains to giving property away on certain conditions, with the possibility that the property will return to you.
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A right to future enjoyment by the transferor of property that is now in the possession or enjoyment of another party. For example, “A” creates a trust under which a parent, “B,” is to enjoy income for life, with the principal of the trust to be paid over to “A” at “B's” death. “A's” interest is a reversionary interest.
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A gift of property subject to a prior interest. For example, a house that has been given to someone for the rest of their life - on their death, the house goes to charity
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An ownership interest in property that returns to the original owner when the intervening interest expires.
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The legal right to a property of a person under a reversion clause.
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The interest which a person lias in lands or other property upon the termination of the preceding estate.
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Interest in trust property.
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The remnant of an estate that the grantor holds after granting a life estate to another person. (See life estate)
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the interest a person has in property upon the termination of the preceding estate. -- View Real Estate Listings
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A type of interest a person may have in lands or other property upon the termination of the preceding estate.
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Interest a person has in property that is now held by another. Upon termination of that possession, the property will revert back to the grantor.
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The interest a person receives in real or other property upon the termination of the preceding estate. Example; a life estate.
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The interest that a person has in lands or other property upon the termination of the preceding estate.
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