Reversion Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Reversion, written in plain English, along with examples of how it is used.
What is Reversion?
(n) Reversion is the process by which a right in a property transferred by a deed of trust, mortgage or pledge etc is returned back to the original owner after the interest held by others on such property is exhausted. For example when a trust is formed with his mother as beneficiary and himself as the residual owner, the property reversion occurs on death of mother.