Business / Real Estate / Reversion: The right of future possession and use by the grantor of a life estate.

Pension Reversion

Business / Finance / Pension Reversion: Termination of an overfunded defined benefit pension plan and replacement of it with a life insurance company-sponsored fixed annuity plan. MORE

Reversionary Interest

Business / Real Estate / Reversionary Interest: The remnant of an estate that the grantor holds after granting a life estate to another person. MORE

Reversionary Right

Business / Real Estate / Reversionary Right: The return of the rights of possession and quiet enjoyment to the lessor at the expiration of a lease. MORE


Business / Real Estate / Waste: An improper use or an abuse of a property by a possessor who holds less than fee ownership, such as a tenant, life tenant, mortgagor or vendee. Such waste ordinarily impairs the value of the land or t MORE


Business / Accounting / Lease: A contract that specifies the terms under which the owner of an asset (the lessor) agrees to transfer the right to use the asset to another party (the lessee). MORE


Business / Real Estate / Escheat: The reversion of property to the state or county, as provided by state law, in cases where a decedent dies intestate and there are no heirs capable of inheriting or when the property is abandoned. In MORE