<p><strong>Noun:</strong></p><ul><li>An annuity scheme in which subscribers share a common fund with the benefit of survivorship, the survivors' shares being increased as the subscribers die, until the whole goes to the last survivor.</li><li>The annuity shared.</li><li>The share of each subscriber.</li><li>The number of subscribers.</li><li>Any of various forms of life insurance in which the chief beneficiaries are those whose policies are in force at the end of a specified period.</li></ul>