No distinction seems to have been drawn between the sale of an immediate and of a reversionary interest.
Policies with higher reversionary bonuses will have lower expected returns but will be comparatively safe investments.
This provision is new, and is designed to avoid a conveyancing trap that such reversionary leases may create.
In addition to the undertakings of the telegraph companies the government had to purchase the reversionary rights of the railway companies which arose out of the circumstance that the telegraph companies for the most part had erected their poles and wires along the permanent way of the railways under leases which in 1868 had still many years to run.
Similarly, when white Emily Henderson (long pollen grains) is crossed with white Emily Henderson (round pollen grains), the offspring wholly consists of the reversionary purple type, and sometimes wholly of a red bicolor form known as "Painted Lady."