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From: Webster's Revised Unabridged Dictionary (1913)

 Re·ver·sion n.
 1. The act of returning, or coming back; return. [Obs.]
    After his reversion home, [he] was spoiled, also, of all that he brought with him.   --Foxe.
 2. That which reverts or returns; residue. [Obs.]
    The small reversion of this great navy which came home might be looked upon by religious eyes as relics.   --Fuller.
 3. Law The returning of an estate to the grantor or his heirs, by operation of law, after the grant has terminated; hence, the residue of an estate left in the proprietor or owner thereof, to take effect in possession, by operation of law, after the termination of a limited or less estate carved out of it and conveyed by him.
 4. Hence, a right to future possession or enjoyment; succession.
    For even reversions are all begged before.   --Dryden.
 5. Annuities A payment which is not to be received, or a benefit which does not begin, until the happening of some event, as the death of a living person.
 6. Biol. A return towards some ancestral type or character; atavism.
 Reversion of series Alg., the act of reverting a series. See To revert a series, under Revert, v. t.