Definition of deferred annuity in English:

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deferred annuity

noun

An annuity that commences only after a lapse of some specified time after the final purchase premium has been paid.
Example sentences
  • Generally speaking, there are two primary ways annuities are constructed and used by investors: immediate annuities and deferred annuities.
  • Unlike deferred annuities, which people use to save for retirement, income annuities are for parceling out money already accumulated.
  • This means that I will receive a pension of 38% of what I am entitled to if I leave it to them to buy a deferred annuity on my behalf.

For editors and proofreaders

Syllabification: de·ferred an·nu·i·ty

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