reversionary annuity
[ ri-vur-zhuh-ner-eeuh-noo-i-tee, uh-nyoo-, -shuh-ner-ee ]
nounInsurance.
an annuity payable to a beneficiary during the period of time they survive the insured.
Origin of reversionary annuity
1First recorded in 1760–70
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
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