possibility of reverter
A reversionary interest that is subject to a condition precedent; specif., a future interest retained by a grantor after conveying a fee simple determinable, so that the grantee’s estate terminates automatically and reverts to the grantor if the terminating event ever occurs.? In this type of interest, the grantor transfers an estate whose maximum potential duration equals that of the grantor’s own estate and attaches a special limitation that operates in the grantor’s favor. ¡ª Often shortened to reverter. See fee simple determinable under FEE SIMPLE. Cf. REMAINDER(1); REVERSION.
How do Chinese legal professionals usually express the term possibility of reverter?
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