deferred annuity

deferred annuity definition - finance
An investment whose earnings accumulate tax-deferred and that, at a specific point in the future, begins making a series of regular payments. These are sold by insurance companies and often used to plan for retirement.

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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