REVERSIONARY ANNUITY

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

An annuity payable to one person in the event that someone else is unable to receive it

Synonyms:

reversionary annuity; survivorship annuity

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("reversionary annuity" is a kind of...):

annuity; rente (income from capital investment paid in a series of regular payments)

Credits