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reversion definition - legal

n

A future interest in land created by operation of law by a conveyance of property for a specified period of time without transfer of title to said land. Upon expiration of the period of the lease, the land reverts to the lease grantor or his or her heirs. Additionally, reversion may refer to the part of an estate that the grantor retains upon conveyance of the rest of it. See also remainder and reservation.

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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