Definitions for "Reversionary trust"
One in which the trust property reverts back to the original holder after a certain period of time. For instance, one individual may place stocks in a reversionary trust for another person (perhaps as an education fund for a grandchild). All earnings from the stock accrue to the trust recipient. After a certain number of years, the stock returns to the possession of the owner, while the earnings remain in trust for the trust recipient.
a secure, economical mechanism for the receipt, management, investment, and disbursement of a vaccine injury award on behalf of the injured party
A trust limited to a specified term of years or for the life of the beneficiary at the end of which period the trust is terminated and the property returned to the grantor.