Reversion


Definition of "Reversion"

Valarie Kubacki
  Prime Real Estate

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.



Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ