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reversionary bonus

Line breaks: re¦ver¦sion|ary bonus

Definition of reversionary bonus in English:

noun

A sum added to the amount of an insurance policy payable at the maturation of the policy or the death of the person insured.
Example sentences
  • 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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