- reversionary annuity
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an annuity payable to a beneficiary during the period of time he or she survives the insured.
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Universalium. 2010.
reversionary annuity
Look at other dictionaries:
reversionary annuity — noun an annuity payable to one person in the event that someone else is unable to receive it • Syn: ↑survivorship annuity • Hypernyms: ↑annuity, ↑rente * * * noun : an annuity payable to some person upon another becoming for any reason unable to… … Useful english dictionary
reversionary annuity — See contingent annuity … Big dictionary of business and management
reversionary annuity — /rɪˌvɜ:ʃ(ə)n(ə)ri ə nju:ɪti/ noun an annuity paid to someone on the death of another person … Dictionary of banking and finance
Annuity (European financial arrangements) — An annuity can be defined as a contract which provides an income stream in return for an initial payment.Immediate annuityAn immediate annuity is an annuity for which the income stream begins at a time after the initial payment which is less than … Wikipedia
Reversionary Annuities — A retirement income strategy that combines an insurance policy with an immediate annuity to provide for a surviving spouse. Similar to a permanent life insurance policy, the policy owner of a reversionary annuity pays a premium to guarantee a… … Investment dictionary
Annuity (US financial products) — In the U.S. an annuity contract is created when an individual gives a life insurance company money which may grow on a tax deferred basis and then can be distributed back to the owner in several ways. The defining characteristic of all annuity… … Wikipedia
reversionary — adjective of or relating to or involving a reversion (especially a legal reversion) reversionary annuity reversionary interest • Pertains to noun: ↑reversion • Derivationally related forms: ↑reversion • Topics: ↑ … Useful english dictionary
contingent annuity — reversionary annuity An annuity in which the payment is conditional on a specified event happening. The most common form is an annuity purchased jointly by a husband and wife that begins payment after the death of one of the parties (see joint… … Big dictionary of business and management
survivorship annuity — noun an annuity payable to one person in the event that someone else is unable to receive it • Syn: ↑reversionary annuity • Hypernyms: ↑annuity, ↑rente * * * noun : an annuity payable to a designated person in the event he survives an insured… … Useful english dictionary
rente — noun income from capital investment paid in a series of regular payments his retirement fund was set up to be paid as an annuity • Syn: ↑annuity • Hypernyms: ↑regular payment • Hyponyms: ↑annuity in advance, ↑ordinary … Useful english dictionary
