hybrid annuity

hybrid annuity definition - finance
An annuity that lets the purchaser mix the characteristics of fixed and variable annuities. Part of the assets may be invested in a fixed annuity and the remainder invested in a variable 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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