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immediate annuity |
Also found in: Financial | 0.03 sec. |
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immediate annuity n (Economics, Accounting & Finance / Banking & Finance) an annuity that starts less than a year after its purchase Compare deferred annuity How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Last year, it introduced the Retirement Management Account, a rollover IRA that allows incremental purchases into a fixed immediate annuity along with mutual fund investments. deferred: An immediate annuity provides payment of benefits immediately on funding. Under fixed debt loans with guaranteed tenure, the aged person uses his or her available home equity to borrow a lump sum from a lending institution; the institution requires that the aged person purchased a single premium immediate annuity from a life insurance company. |
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