1.a lump sum income that an investor receives at the termination of an investment, in real estate always as a net income of resale of the property, after using or leasing the property for a period.
2.the right of a lessor to withdraw leased property upon the termination of a lease.
eg: Sean purchases the home of Sally, and leases the home back to Sally for life. Sean has the right to receive rent from Sally plus a reversion of the property at Sally's leaving.