reversionary interest

Definition of "reversionary interest"
  1. The remaining interest in an asset or property that's retained by the person who transferred the property, or by that person's successor, such as the possibility that the asset will revert back to the transferrer, or the power to terminate the property interest
How to use "reversionary interest" in a sentence
  1. Although the property was transferred, the original owner still had a reversionary interest in it.
  2. She transferred her estate to her son but retained a reversionary interest.
  3. The condition of the contract specified a reversionary interest, indicating that the property would revert back to the transferor under certain circumstances.

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