Entry from British & World English dictionary
Definition of reversionary bonus in English:
A sum added to the amount of an insurance policy payable at the maturation of the policy or the death of the person insured.
- By February 2002 the accumulated reversionary bonuses amounted to £11,069.
- The Policy Annuity Value of his policy attributable to the premiums paid and reversionary bonuses already declared was £20,867.67.
- But the chairman has cautioned that the continuous fall in long-term interest rates may lead to a fall on the quantum of reversionary bonuses that may be declared in the future.
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