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immediate annuity

noun

  1. an annuity bought with a single premium, with payments to the annuitant to begin at the end of one payment period, as a month or a year.


immediate annuity

noun

  1. an annuity that starts less than a year after its purchase Compare deferred annuity
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Example Sentences

He may purchase an Immediate Annuity, though in this case the purchase-money must always be paid in one sum.

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