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Reversion
Reversion The right of future possession and use by the grantor of a life estate.
RELATED TERMS--------------------------------------
Possession
The condition of having signed all the papers at closing and having received keys to the house.
Grantor
That party in the deed that is the seller or giver.
Life
Cycle costing In property management, comparing one type of equipment to another based on both purchase cost and operating cost over its expected useful lifetime.
Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.
SIMILAR TERMS--------------------------------------
Revenue stamps
Formerly, federal tax on a sale of real property. Canceled and replaced by state tax stamps.
Reverse annuity mortgage (RAM)
A loan under which the homeowner receives monthly payments based on his or her accumulated equity rather than a lump sum.
Reverse mortgage
A special program for the elderly that provides income until death.
Reversion capitalization rate
The capitalization rate used to determine reversion value.
Reversion value
A lump-sum benefit that an investor receives or expects to receive at the termination of an investment.
Reversionary interest
The remnant of an estate that the grantor holds after granting a life estate to another person.
Reversionary right
The return of the rights of possession and quiet enjoyment to the lessor at the expiration of a lease.
PREVIOUS AND NEXT TERMS--------------------------------------
Return on equity (ROE)
An investment return ratio derived by dividing cash return, or net profit, by equity.
Return on investments
The trailing 12-month income after taxes divided by the average total long-term debt, other long-term liabilities and shareholders equity, expressed as a percentage.
Revenue stamps
Formerly, federal tax on a sale of real property. Canceled and replaced by state tax stamps.
Reverse annuity mortgage (RAM)
A loan under which the homeowner receives monthly payments based on his or her accumulated equity rather than a lump sum.
Reverse mortgage
A special program for the elderly that provides income until death.
Reversion
Reversion capitalization rate
The capitalization rate used to determine reversion value.
Reversion value
A lump-sum benefit that an investor receives or expects to receive at the termination of an investment.
Reversionary interest
The remnant of an estate that the grantor holds after granting a life estate to another person.
Reversionary right
The return of the rights of possession and quiet enjoyment to the lessor at the expiration of a lease.
Revocation
An act of rescinding power previously authorized.
This dictionary contains 6433 terms. |
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