NOUN | possession | survivorship annuity, reversionary annuity | an annuity payable to one person in the event that someone else is unable to receive it |
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Meaning | An annuity payable to one person in the event that someone else is unable to receive it. | |
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Synonym | reversionary annuity | |
Broader | annuity, rente | income from capital investment paid in a series of regular payments |
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