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Glite Dictionary
reversionary annuity

reversionary annuity

9.9
Regular payments that go to another person after the first person dies or cannot receive payments
  • noun
  • /rɪˈvɜrʒəˌnɛri əˈnjuːɪti/
  • Formal
translation icon : renta reversionaria
  • The reversionary annuity is designed to start after the original beneficiary can no longer receive payments.

Examples

  • The reversionary annuity will begin only if the primary beneficiary passes away.

  • He arranged a reversionary annuity to ensure his sister would receive payments if she outlived him.

  • After her husband's death, the reversionary annuity provided her with a steady income.

  • He arranged a reversionary annuity to ensure his sister would be cared for if she outlived his wife.

  • The reversionary annuity will begin after my father passes away.

  • He set up a reversionary annuity for his daughter.

  • After her husband's death, the reversionary annuity provided her with a steady income.

Synonyms

annuity
vsreversionary annuity
  • Specialized
21 7.4

A regular fixed payment of money made to someone, often every year for life

is the conditional form paying a second person only if the first stops qualifying
survivorship annuity
vsreversionary annuity
  • Specialized
8.8

A regular payment to one person when the other person dies

is the same arrangement but described as payment after death or disqualification

Surface Forms

reversionary annuity singular
reversionary annuities plural

Morphology

reversionary + annuity

Knowing 'reversionary' (relating to future or reverting rights) and 'annuity' (an annual payment) allows a learner to infer that this is a payment that will revert to someone else in the future, so the core idea is partly recoverable from the parts. However, the expression is technical and the precise conditions and legal nuance (e.g. timing, triggers like death or disqualification) are not fully predictable for a B1 learner, so it is only partially transparent.

Etymology

Reversionary annuity shows a simple image: annuity means 'regular payments' and reversionary suggests they will 'come back' to someone else. So the phrase describes payments that start for a second person if the first person can no longer receive them.