estate in reversion

estate in reversion definition - business

estate in reversion

An estate that reverts to the grantor following temporary ownership by another party named by the grantor. For example, a daughter gives a home to her parents with the stipulation that the home will be returned to the daughter at the death of both the parents.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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