Reversion
From Wikipedia, the free encyclopedia
- For the Wikipedia editing process, see Help:Reverting.
Contents |
[edit] Law
 |
| Property law |
|---|
| Part of the common law series |
| Acquisition of property |
| Gift · Adverse possession · Deed |
| Lost, mislaid, and abandoned property |
| Alienation · 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 |
| Covenant running with the land |
| Equitable servitude |
| Related topics |
| Fixtures · 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 |
In law, a reversion is an agreement such that one party takes ownership of a piece of property from another under the understanding that the ownership will revert to the second party when an agreed event occurs.
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.
[edit] Evolution
In evolution, reversion is the return of a character to one of its previous ancestral state. Reversion are quite commonly observed within DNA. The existence of reversion refutes Dollo's law a 19th century theory that evolution cannot return to a prior form of an organism.
[edit] Software and content development
Reversion or reverting is the return to a previous instantiation of a piece of software, saved database state, web page, wiki article, or other piece or set of digital content or data.
[edit] Television production
In television production, the word may refer to the process of reversioning (or re-versioning, thus re-version): the relatively recent phenomenon of recycling pre-existing productions, even entire 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.
[edit] Religion
Instead of religious conversion, when a person becomes Muslim ("comes to Islam") this is known as reverting, because (according to Muslims) all babies are believed to be born as Muslims.
