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English definition of “reversion”

reversion

noun     /rɪˈvɜːʃən/ US   /rɪˈvɜrʒən/
[C or U] PROPERTY, LAW a financial arrangement in which property or land is given back to the lender after a period of time during which someone else has used it: When the property is sold , the reversion company takes a share of the proceeds equal to the share of the house it has bought . a home reversion scheme / plan
[S or U] the process of returning to a previous state or condition : Recent trading conditions would seem to indicate a reversion of the trade deficit .a reversion to sth Analysts expect to see a reversion to more balanced growth rates from 2012 onwards .
(Definition of reversion noun from the Cambridge Business English Dictionary © Cambridge University Press)
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