reconveyance
/ˌriːkənˈveɪəns/
noun
- The act of transferring property or a legal right back to a previous owner.
- A reconveyance is needed when a mortgage is satisfied and the title should be cleared.
- The lawyer prepared the reconveyance documents to return the land to its original owner.
- After the loan was paid off, the bank filed a reconveyance of the house to the family.
Synonyms