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deferred annuity
noun
- an annuity that starts at the end of a specified period or after the annuitant reaches a certain age.
deferred annuity
noun
- an annuity that commences not less than one year after the final purchase premium Compare immediate annuity
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Example Sentences
This Deferred Annuity may either be purchased in one sum, or by a yearly payment over that given term.
From Project Gutenberg
There may, indeed, be another reason for the failure of the deferred annuity system.
From Project Gutenberg
She purchased a deferred annuity of one hundred pounds to begin in April, 1850.
From Project Gutenberg
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