Reversion

Webster's Dictionary of the English Language

·noun That which reverts or returns; residue.

II. Reversion ·noun The act of returning, or coming back; return.

III. Reversion ·noun A return towards some ancestral type or character; atavism.

IV. Reversion ·noun Hence, a right to future possession or enjoiment; succession.

V. Reversion ·noun A payment which is not to be received, or a benefit which does not begin, until the happening of some event, as the death of a living person.

VI. Reversion ·noun The returning of an esttate to the grantor or his heirs, by operation of law, after the grant has terminated; hence, the residue of an estate left in the proprietor or owner thereof, to take effect in possession, by operation of law, after the termination of a limited or less estate carved out of it and conveyed by him.