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reversionary annuity

[ ri-vur-zhuh-ner-ee uh-noo-i-tee, uh-nyoo-, -shuh-ner-ee ]

noun

, Insurance.
  1. an annuity payable to a beneficiary during the period of time they survive the insured.


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Word History and Origins

Origin of reversionary annuity1

First recorded in 1760–70

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