google bot detected Reversion | Real Estate Glossary | Realestateagent.com

Reversion


Definition of "Reversion"

Billi Seiden
  Mollie McClure Meyers Inc

Also called estate in reversion. A vested interest or estate in which a person has a fixed
interest in the future. For example, if a grantor is required by the IRS to pay a substantial sum in
back taxes, the part remaining reverts to the estate for later distribution to the beneficiaries.



Related Real Estate Glossary terms

Related Real Estate FAQ