Reversion
Encyclopedia : R : RE : REV : Reversion
|
| Property law |
|---|
| Part of the common law series |
| Acquisition of property |
| Gift · Adverse possession · Deed |
| Lost, mislaid, and abandoned property |
| Bailment · Licence |
| Estates in land |
| Allodial title · Fee simple |
| Life estate · Fee tail · Future interest |
| Concurrent estate · Leasehold estate |
| Condominiums |
| Conveyancing of interests in land |
| Bona fide purchaser · Torrens title |
| Estoppel by deed · Quitclaim deed |
| Mortgage · Equitable conversion |
| Action to quiet title |
| Limiting control over future use |
| Restraint on alienation |
| Rule against perpetuities |
| Rule in Shelley's Case |
| Doctrine of worthier title |
| Nonpossessory interest in land |
| Easement · Profit (real estate)>Profit |
| Covenant running with the land |
| Equitable servitude |
| Related topics |
| Fixtures · Waste (law)>Waste · Partition |
| Riparian water rights |
| Lateral and subjacent support |
| Assignment · Nemo dat |
| Other areas of the common law |
| Contract law · Tort law |
| Wills and trusts |
| Criminal Law · Evidence |
The most common form of reversion agreement is for one person to allow another to own a house until their death, upon which time it reverts to reversion holder.
Reversions themselves can be thought of as a form of derivative in which the underlying asset is a piece of property rather than a more usual financial instrument. Reversions can thus themselves be bought and sold.
In television production, reversioning is the relatively recent phenomenon of recycling pre-existing series into new shows. Completed TV shows that have already aired are re-edited or supplied with new voice-over, graphics or music, and then aired with a new title, often for a new audience. Sometimes the changes are relatively minor, as in the case of Prehistoric Planet, which was made from the original series Walking with Dinosaurs.
An example of a reversioned film is Woody Allen's What's Up, Tiger Lily?, in which the director wrote new English dialogue for the Japanese film "International Secret Police: Key of Keys" for comic effect.
In Evolution, reversion is the return of a character to one of its previous ancestral state. Reversion are quite commonly observed within DNA. The Dollo's law postulates that reversion is impossible. This law, as most biogenetic laws of the 19th century, is essentially wrong.
From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.