reversionary interest

reversionary interest
The interest which a person has in the reversion of lands or other property. A right to the future enjoyment of property, at present in the possession or occupation of another. The property that reverts to the grantor after the expiration of an intervening income interest. Assume, for example, G places real estate in trust with income to A for eleven years and, upon the expiration of this term, the property returns to G. Under these circumstances, G has retained a reversionary interest in the property. A reversionary interest is the same as a remainder interest except that in the latter case the property passes to someone other than the original owner (e.g., the grantor of a trust) upon the expiration of the intervening interest.
See also Clifford trust

Black's law dictionary. . 1990.

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