What does Reversionary Interest mean? Read on to discover the definition & meaning of the term Reversionary Interest - to help you better understand the language used in insurance policies.
Reversionary interest is a condition in a trust where the original owner of a property can claim it back after transferring it to a beneficiary.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of Reversionary Interest. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: