HyperDic: reversionary_annuity

English > 1 sense of the expression reversionary annuity:
NOUNpossessionreversionary annuity, survivorship annuityan annuity payable to one person in the event that someone else is unable to receive it
English > reversionary annuity: 1 sense > noun 1, possession
MeaningAn annuity payable to one person in the event that someone else is unable to receive it.
Synonymsurvivorship annuity
Broaderannuity, renteincome from capital investment paid in a series of regular payments

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