Reconveyance means the return of title to the original owner. Most commonly arises in the context of reconveyance of real estate deeds—also referred to as deed of reconveyance. In that context, reconveyance refers to the transfer of title to real estate from a creditor to the debtor when a loan secured by the property—i.e. mostly likely a mortgage with the property as collateral—is paid off. A trustee (commonly a title or escrow company) usually holds title for the creditor and manages the reconveyance when the loan is fully paid back.
[Last updated in December of 2020 by the Wex Definitions Team]