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WordNet-Online
Definitions from WordNet
Noun reversionary annuity has 1 sense
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Definitions from the WebReversionary AnnuityA reversionary annuity is a financial instrument that provides a regular income stream to the beneficiary after a specific event or period, such as the death of the annuity holder. This type of annuity is often used in estate planning and can provide financial security for a surviving spouse or dependents. Usage Examples:1. The reversionary annuity ensured that the widow would receive a monthly income for the rest of her life. 2. John purchased a reversionary annuity to provide for his children's education expenses in the event of his unexpected passing. 3. The reversionary annuity provided a steady income to the retired couple, allowing them to enjoy their golden years without financial worries. Possible Related Products: | ||||
reversible reversible process reversible process of thermodynamiccs reversibly reversing reversing thermometer reversion reversionary reversionary annuity reversioner reversionist reversions reversive revert revert back revertant reverted
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