reversionary
/rɪˈvɜrʒəˌnɛri/
adjective
- Relating to a right to receive property or benefits in the future, especially after the death of the current holder or the end of a lease.
- The lawyer explained the reversionary rights in the will to the beneficiaries.
- The reversionary interest meant the nephew would inherit the house after his aunt passed away.
- They purchased a reversionary annuity to provide income after retirement.