What is the meaning of reversionary annuity?

noun

  • An annuity payable to one person in the event that someone else is unable to receive it.
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). reversionary annuity. Retrieved September 21, 2026, from http://smartdefine.org/reversionary_annuity/definitions/1242694
ChicagoWordNet. 2010. "reversionary annuity" http://smartdefine.org/reversionary_annuity/definitions/1242694 (accessed September 21, 2026).
HarvardWordNet 2010, reversionary annuity, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/reversionary_annuity/definitions/1242694>.
MLAWordNet. "reversionary annuity" 23 October 2010. Web. 21 September 2026. <http://smartdefine.org/reversionary_annuity/definitions/1242694>