/ English Dictionary |
SURVIVORSHIP ANNUITY
Pronunciation (US): | (GB): |
I. (noun)
Sense 1
Meaning:
An annuity payable to one person in the event that someone else is unable to receive it
Synonyms:
reversionary annuity; survivorship annuity
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("survivorship annuity" is a kind of...):
annuity; rente (income from capital investment paid in a series of regular payments)