The way I've always seen it written, the sequence you describe is: shot--point-of-view shot--reaction shot.
A reverse angle, on the other hand, is a view from a camera set up 180 degrees opposite the initial one. You might have the camera behind a man as he walks towards the exit of a tunnel, then cut to a frontal shot of him as he steps into the sunlight.
What you're describing maybe some third thing, or maybe just another way of talking.