reversionary annuity


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ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun 1. reversionary annuity - an annuity payable to one person in the event that someone else is unable to receive it
annuity, rente - income from capital investment paid in a series of regular payments; "his retirement fund was set up to be paid as an annuity"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
On a more technical level Clark defines types of early insurance--contributorships, mortuary tontines, premium insurance and reversionary annuity companies--and chronicles the growth of such landmark businesses as the Royal Exchange Assurance Corporation and London Assurance Corporation at the beginning of the eighteenth century, the Equitable Society of mid-century and the Westminster and Pelican which appeared at century's end.
Betting on Lives: The Culture of Life Insurance in England, 1695-1775. (Reviews)
Stalwart Assurance attempts to avoid this by offering a reversionary annuity home income plan, which does not involve a mortgage.
Money Watch: How those bricks and mortar can pay YOU

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