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reversionary

C2
adjective

Pronunciation

UK

  • /rɪˈvɜː(r)ʒənri/
  • /rɪˈvɜː(r)ʒənəri/

US

  • /rəˈvɜrʒəˌnɛri/adjective
  • /rəˈvɜrʒəˌnɛri/noun

Description

Something is reversionary when it is set to return to an earlier owner, or when someone has a future right to get it back. The word is mostly used in legal and property settings. For example, in a lease, the tenant may use the property for a period of time, but the owner keeps a reversionary interest, meaning the property returns to the owner when the lease ends.

It is also common in discussions of inheritance, trusts, and rights that come back after a fixed term or after a person's death. The idea is simple: something is being used or held for now, but later it goes back.

Examples

  1. 1

    Legal inheritance

    Under the will, Maria had a reversionary interest in the family home after her aunt's death.

    • Domain

      reversionary interest

      a future legal right to property

  2. 2

    Lease rights

    Even during the 20-year lease, the owner kept the reversionary rights to the land.

    • Domain

      reversionary rights

      rights that return when the lease ends

  3. 3

    Insurance bonus

    The life insurance policy adds a small reversionary bonus each year.

    • Domain

      reversionary bonus

      a bonus that becomes a permanent part of the policy's value

Forms and spellings

1 form open this card.

Main spelling

  • reversionaryadjective