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fixed annuity

   Also found in: Financial 0.06 sec.
fixed annuity
n.
An annuity in which payments to the annuitant are unchanging over a specified period or over the annuitant's lifetime.

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Most of the money flowing into indexed annuities is coming from tax-free fixed annuity exchanges and certificates of deposit, said Jack Marrion, president of Advantage Compendium.
A fixed annuity earns a fixed and stated rate of return.
Research Shows Retirees and Near-Retirees Can Benefit from Fixed Annuities But Most Do Not Own, Know About or Understand Fixed Annuity Products
 
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