reversion
C1CEFR level
68/100Rarity: rare
TechnicalRegister
Law noun
The interest an owner keeps in land that returns to them once a lesser estate ends.
The landlord sold the reversion, so the ground rents now flow to the new owner.
Business noun
The residual right of an owner to retake possession of property once a lease or lesser interest ends.
With only a short lease outstanding, the freeholder's reversion was the more valuable asset.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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