reversionary bonus

reversionary bonus
A sum added to the amount payable on death or maturity of a with-profits policy for life assurance. The bonus is added if the life-assurance company has a surplus or has a profit on the investment of its life funds. Once a reversionary bonus has been declared it cannot be withdrawn if the policy runs to maturity or to the death of the insured. However, if the policy is cashed, the bonus is usually reduced by an amount that depends on the length of time the policy has to run.

Accounting dictionary. 2014.

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  • reversionary bonus — noun A bonus added to the sum payable on death or at the maturation of an insurance policy • • • Main Entry: ↑reverse …   Useful english dictionary

  • reversionary bonus — A sum added to the amount payable on death or maturity of a with profits policy The bonus is added if the life assurance company has a surplus or has a profit on the investment of its life funds. Once a reversionary bonus has been made it cannot… …   Big dictionary of business and management

  • reversionary bonus — /rəvɜʒənəri ˈboʊnəs/ (say ruhverzhuhnuhree bohnuhs) noun a periodic free addition to the sum insured under a life insurance policy, made from surplus earned on the insurer s investments. See terminal bonus …  

  • reversionary bonus — /rɪˌvɜ:ʃ(ə)n(ə)ri bəυnəs/ noun an annual bonus on a life assurance policy, declared by the insurer …   Dictionary of banking and finance

  • bonus — 1) An extra payment made to employees by management, usually as a reward for good work, to compensate for something (e. g. dangerous work) or to share out the profits of a good year s trading. 2) An extra amount of money additional to the… …   Big dictionary of business and management

  • bonus — /ˈboʊnəs / (say bohnuhs) noun 1. something given or paid over and above what is due. 2. a sum of money paid to a shareholder, partner, employee, or agent of a company, a returned soldier, etc., over and above the regular dividend or pay. 3. Stock …  

  • terminal bonus — /tɜmənəl ˈboʊnəs/ (say termuhnuhl bohnuhs) noun free addition to the sum assured on a policy to reflect the excess of the market value of the life assurance company s assets over their book value; paid once only when the policy matures. See… …  

  • With-profits policy — A with profits policy (Commonwealth) or participating policy (U.S.) is an insurance contract that participates in the profits of a life insurance company. The company is often a mutual life insurance company, or had been one when it began its… …   Wikipedia

  • Бонус — (bonus) 1. Премия, выплачиваемая администрацией работнику, как правило в виде вознаграждения за хорошую работу, компенсации за что либо (например, за опасную работу) или части прибыли, полученной организацией в удачном финансовом году. 2. Сумма… …   Словарь бизнес-терминов

  • БОНУС — (bonus) 1. Премия, выплачиваемая администрацией работнику, как правило, в виде вознаграждения за хорошую работу, компенсации за что либо (например за опасную работу) или части прибыли, полученной организацией в удачном финансовом году. 2. Сумма… …   Финансовый словарь

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