an annuity payable to a beneficiary during the period of time he or she survives the insured.
- Reversionary bonus
noun 1. (insurance) a bonus added to the sum payable on death or at the maturity of a with-profits assurance policy
noun, Law. 1. a person who possesses a reversion. noun 1. (property law) a person entitled to an estate in reversion Compare remainderman
[ri-vuhr-zhuh-nist, -shuh-] /rɪˈvʌr ʒə nɪst, -ʃə-/ noun 1. a person who advocates reverting to the conditions, customs, ideals, etc., of an earlier era. adjective 2. of, relating to, or characteristic of a reversionist.
noun (pl) -sos 1. another name for verso