Reverse - Law Dictionary Search Results
Home Dictionary Name: reverseReversion
Reversion [fr. revertor, Lat.], that portion left of an estate after a grant of a particular portion of it, short of the whole estate, has been made by the owner to another person. it is thus described by Mr. Watkins (Conv. C. 16): 'When a person has interest in lands, and grants a portion of that interest, or in other terms, a less estate than he has in himself, the possession of those lands shall, on the deter-mination of the granted interest or estate, return, or revert to the grantor. This interest is what is called the grantor's reversion, or more properly, his right of reverter, which, however, is deemed an actual estate in the land, bearing the fruits of seigniory. Thus a grant to an estate by the owner of the fee-simple: to A. for life,' leaves in the grantor the reversion in fee-simple, which will commence in possession after the determination of A.'s life-estate; and this is called the particular estate; particular, as carved or sliced out of the larger estate or reversion.'S...
Run with the land-Run with the reversion
Run with the land-Run with the reversion. A covenant is said to 'run with the land,' either leased or conveyed in fee, when either the liability to perform it, or the right to take advantage of it, passes to the assignee of that land. A covenant is said to 'run with the reversion' to land leased when either the liability to perform it, or the right to take advantage of it, passes to the assignee of that reversion. Consult Spencer's case, (1583) 1 Sm LC 1, where a list of the covenants running with the land and not so running is given; and see, too, Woodfall, L & T.; Dyson v. Forster, 1909 AC 98.The benefit of a covenant made after 1925 running with the land is to be deemed to be made with the covenantee, his successors in title and the persons deriving title under him or them; and in connection with restrictive covenants, 'successors in title' includes owners and occupiers for the time being of the land intended to be benefited (Law of Property Act, 1925, s. 78). S. 58 of the Conveyanc...
reversal
reversal 1 : an act or the process of reversing 2 : an instance of reversing [the of the lower court's decision] ...
Reversible
Capable of being reversed as a chair or seat having a reversible back a reversible judgment or sentence...
hecm (reverse mortgage)
hecm (reverse mortgage) the reverse mortgage is used by senior homeowners age 62 and older to convert the equity in their home into monthly streams of income and/or a line of credit to be repaid when they no longer occupy the home. A lending institution such as a mortgage lender, bank, credit union or savings and loan association funds the FHA insured loan, commonly known as HECM. Source: U.S. Department of Housing and Urban Development ...
reverse
reverse re·versed re·vers·ing vt : to set aside or make void (a judgment or decision) by a contrary decision compare affirm vi : to reverse a decision or judgment [for these reasons, we ] re·ver·si·ble adj ...
reverse mortgage (hecm)
reverse mortgage (hecm) the reverse mortgage is used by senior homeowners age 62 and older to convert the equity in their home into monthly streams of income and/or a line of credit to be repaid when they no longer occupy the home. A lending institution such as a mortgage lender, bank, credit union or savings and loan association funds the FHA insured loan, commonly known as HECM. Source: U.S. Department of Housing and Urban Development ...
Reversal
Intended to reverse implying reversal...
Reversing
Serving to effect reversal as of motion capable of being reversed...
Reversal of judgment
Reversal of judgment. A judgment might have been reversed without a writ of error, for matters foreign to or dehors the record, i.e., not apparent upon the face of it, so that they could not be assigned for error in the superior courts, or by writ of error, which lay from all inferior jurisdictions to the King's Bench and thence to the Exchequer Chamber and the House on Lords. It was brought for mistakes as to matters of substance, appearing in the judgment or other parts of the record. See Steph. Com., 7th Edn., iii. 579; iv. 463. See now R.S.C. Ord. LVIII....
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