fixed annuity

(redirected from Fixed Dollar Annuity)
Also found in: Financial.

fixed annuity

n.
An annuity in which payments to the annuitant are unchanging over a specified period or over the annuitant's lifetime.
References in periodicals archive ?
In the case of a variable annuity, however, the excludable portion is not determined by calculating an "exclusion ratio" as it is for a fixed dollar annuity.