deferred annuity

an annuity that starts at the end of a specified period or after the annuitant reaches a certain age. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
deferred annuity
Compare immediate annuity an annuity that commences not less than one year after the final purchase premium

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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