noun
Meaning 1
The difference in value between a leasehold interest in land and the hypothetical value of its reversionary interest were the leasehold to be determined, which typically increases as the leasehold draws towards its end; frequently considered the market value chargeable to the tenant for a long extension of the leasehold, or for the purchase of the reversionary interest.
Definition source: English Wiktionary via Wiktextract
Usage: UK
Topics: law, property
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided