Possibility of Reverter

 

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Possibility of Reverter

The term shows no estate (interest) in property, but only the chance that an estate will exist at a future time. If a property were sold on the condition that it be used for a park, and, it not used for a park, would revert back to the seller, the seller would have a possibility of reverter.



Possibility of Reverter

Similar Matches

Utility possibility frontier

Utility possibility frontier

In a diagram with levels of individual utility on the axes, a curve showing the maximum attainable levels of utility in a given situation, such as free trade or autarky. Used by Samuelson (1962) to demonstrate the gains from trade.


Production possibility frontier

Production possibility frontier

A diagram showing the maximum output possible for one good for various outputs of another (or several others), given technology and factor endowments. Also called a transformation curve or production possibility curve.


Consumption possibility frontier

Consumption possibility frontier

A graph of the maximum quantities of goods (usually two) that an economy can consume in a specified situation, such as autarky and free trade. Used to illustrate the potential benefits from trade by showing that it can expand consumption possibilities.


Production possibility curve

Production possibility curve

See production possibility frontier.




 
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