reversion duty

noun

chiefly British
: a duty levied on a lessor at the termination of a long lease based on increase of property valuation during the period of the lease

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Cite this Entry

“Reversion duty.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reversion%20duty. Accessed 10 Dec. 2023.

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