Reversionary interest is the interest that a person has in a property when a preceding estate ceases to exist. It means any interest the enjoyment of which is postponed. A reversionary interest can be either a vested interest or contingent interest..
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Define interest: right, title, or legal share in something; participation in advantage and responsibility; business, company interest in a sentence.
Definition of interest - the feeling of wanting to know or learn about something or someone, money paid regularly at a particular rate for the use of money.
1. Automatic return of a trust property to the trust creator after the trust ends. A trust which provides for a reversion is called a reversionary trust..
DEFINITION OF INCOME. How Prop. Regs. on the Definition of Income Affect Total Return Trusts. Before using total return trusts, practitioners should .