Definition of reversionary interest
Webreversion definition: 1. a change back to a previous and often worse condition: 2. a return of something to its previous…. Learn more. Web“Reversion” is also used to denote a reversionary interest; e.g., an interest in personal property subject to the life interest of some other person. In Scotch law. A reversion is a …
Definition of reversionary interest
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WebMay 11, 2024 · reversionary: [adjective] of, relating to, constituting, or involving especially a legal reversion. WebReversion definition, the act of turning something the reverse way. See more.
WebReversionary interest is the interest that a person has in a property when a preceding estate ceases to exist. It means any interest the enjoyment of which is postponed. A … Webreversion, in Anglo-American law, interest held by a prior owner in property given to another, which, upon the happening of some future event, will return to that prior owner.A reversion is itself specific property, and it can be sold or disposed of as property by the reversion owner. One who holds property subject to a reversion interest held by …
WebJul 5, 2024 · Bill holds a reversionary interest in the assets of the trust; [1] Bill controls the beneficial enjoyment of the assets of the trust or its income; [2] Bill retains certain administrative powers over the trust; [3] Bill retains … WebMar 29, 2024 · Reversionary Annuities: A retirement income strategy that combines an insurance policy with an immediate annuity to provide for a surviving spouse. Similar to a permanent life insurance policy ...
WebApr 28, 2024 · A 'reversion' is a future interest that an individual has in a piece of property even after he or she has conveyed that property, in a lesser estate, to another individual.
WebCite. REVERSIONARY INTERESTS means a reversionary interest in the Leased Improvements for the benefit of Buyer on the terms and conditions set forth in the Lease … romand11.shxWebDefinition of "Reversionary interest". Spencer Barlow, Real Estate Agent Real Brokerage Technologies, Inc. Interest of a beneficiary in the proceeds of a survivorship annuity. romand ukWebIn broader terms, particularly in a tax context, a reversionary interest is an umbrella term for all remainder interests – a future interest under a trust that has not yet fallen into … romand wittyWebTodd v. Jackson, 26 N. J. Law, 525. In personalty. “Reversion” is also used to denote a reversionary interest; e.g., an interest in personal property subject to the life interest of some other person. In Scotch law. A reversion is a right of redeeming landed property which has been either mortgaged or adjudicated to secure the payment of a ... romand websiteWeb5 hours ago · The Commission staff estimates that, in many cases, there may be a reversion to the ordinary course of business, which a clearing FCM would need to report to its DSRO and any DCO of which it is a clearing member in order to resume separate account treatment, in accordance with the requirements of proposed regulation § … romand zero layer lipstickWebMay 11, 2024 · The meaning of REVERSIONARY is of, relating to, constituting, or involving especially a legal reversion. of, relating to, constituting, or involving especially a legal … romand water tintWebReversionary Interests 23 • A trust is a grantor trust with respect to any portion in which the grantor has a 5% or greater reversionary interest in either the corpus or income, as of the inception of that portion of the trust • (Prior to 1986, grantor trust status applied if the reversion could reasonably be expected to take romand st marcel