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possibility of reverter

possibility of reverter definition - legal

n

A future interest retained by a grantor of an estate so that the granteeÂ’s right to the estate would terminate and pass back to the grantor, should a certain pre-specified event or act actually occur.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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