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Survivorship annuity
/səvˈaɪvəʃˌɪp ɐnjˈuːɪti/
/sɚvˈaɪvɚʃˌɪp ɐnjˈuːɪɾi/
Survivorship annuity
01
an annuity payable to one person in the event that someone else is unable to receive it
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an annuity payable to one person in the event that someone else is unable to receive it