annuity certain

annuity certain definition - finance
A financial instrument which pays out the investorÂ’s earnings in a specific amount of money each month for a set amount of time, often ten years. If the annuitant dies before the time period is up, the payments are made to the beneficiary. See also annuity.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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