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Reversionary right
Reversionary right The return of the rights of possession and quiet enjoyment to the lessor at the expiration of a lease.
RELATED TERMS--------------------------------------
Possession
The condition of having signed all the papers at closing and having received keys to the house.
Lessor
An owner who contracts into a lease with a tenant (lessee).
Lease
A contract whereby the landlord grants the tenant the right to occupy defined space for a set period at a specific price (i.e., rent).
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
The right of future possession and use by the grantor of a life estate.
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.
PREVIOUS AND NEXT TERMS--------------------------------------
Reverse mortgage
A special program for the elderly that provides income until death.
Reversion
The right of future possession and use by the grantor of a life estate.
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
Revocation
An act of rescinding power previously authorized.
Revolving credit
A line of credit that does not have a specified repayment schedule but may require a minimum payment to cover interest and contribute to paying off principal.
Revolving debt
A credit arrangement, such as a credit card, that allows a customer to borrow against a preapproved line of credit when purchasing goods and services.
Revolving line of credit
An agreement to lend a specific amount to a borrower, and to allow that amount to be borrowed again once it has been repaid.
RevPAR (Revenue per available room)
Total room revenue for the period divided by the average number of available rooms in a hospitality facility.
This dictionary contains 6433 terms. |
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