reversionary Definition
relating to or involving the reversion of property or a legal right to its owner after a particular event or time has elapsed.
Using reversionary: Examples
Take a moment to familiarize yourself with how "reversionary" can be used in various situations through the following examples!
Example
The reversionary interest in the property will pass to the children after the death of the current owner.
Example
The reversionary clause in the contract stipulates that the rights to the product will revert back to the company if sales do not meet certain targets.
Example
The reversionary trust ensures that the assets will be returned to the original owner after a specified period of time.
reversionary Synonyms and Antonyms
Synonyms for reversionary
Summary: reversionary in Brief
The term 'reversionary' [rɪˈvɜːʃənəri] refers to the return of property or legal rights to their original owner after a specific event or time has passed. It is often used in legal and financial contexts, such as in contracts and trusts. An example sentence is 'The reversionary interest in the property will pass to the children after the death of the current owner.'
