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contingent annuity

 - 2 dictionary results
Financial Dictionary

contingent annuity

A series of payments scheduled to begin at the time of a specified event. For example, an individual's death may set in motion an annuity payable to a designated person or organization.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: contingent annuity
see ANNUITY
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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