reversionary

/ri'və:ʃənl/ Cách viết khác : (reversionary) /ri'və:ʃnəri/

Thân thiện

A reversionary interest in the property will pass to the heir after the current tenant's lease expires.

Definition

Adjective 1. Relating to a reversion, especially a legal reversion: Pertaining to the right of a person or entity to future possession or enjoyment of property, an interest, or a title after a specific event (such as the death of a current holder or the end of a lease). 2. Relating to a return to a former state, type, or ancestral characteristic: Pertaining to a biological or figurative return to an earlier condition or form.

Usage

The term "reversionary" is primarily used in formal legal, financial, and biological contexts. It describes interests, rights, or properties that are designated to pass to a specified person or entity in the future, or traits that reappear after an absence.

Examples

• Legal/Financial Context:
  • The trust was established with a reversionary clause, ensuring the property would return to the donor's family after a 50-year period.
  • He purchased a reversionary annuity that would begin payments when he turned 70.
  • The will granted her a life interest in the estate, with a reversionary interest passing to her children upon her death.
• Biological/General Context (less common):
  • The scientist studied the reversionary traits that occasionally appeared in the hybrid plants, resembling their wild ancestors.

Advanced Usage

• Reversionary interest: A future interest retained by a grantor (the person transferring property) or created in a third party, which becomes possessory upon the termination of a prior estate (e.g., a life estate or a lease for years).
• Reversionary annuity: An annuity contract where payments to the annuitant begin at a specified future date, rather than immediately.

Variants and Related Words

• Reversion (noun): 1. The right, especially of the original owner or their heirs, to possess or succeed to property upon the termination of a prior estate. 2. A return to a previous state, practice, or belief.
• Reversioner (noun): A person who holds or is entitled to a reversion.

Synonyms

• Future (as in )
• Residual
• Expectant
• Revertent (archaic/legal)

Antonyms

• Present (interest)
• Possessory
• Vested (in immediate possession)

Học thuật

Adjective

1. of or relating to or involving a reversion (especially a legal reversion)
   • reversionary annuity
   • reversionary interest