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deferred annuity

noun
1.
an annuity that starts at the end of a specified period or after the annuitant reaches a certain age.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for deferred-annuity

deferred annuity

noun
1.
an annuity that commences not less than one year after the final purchase premium Compare immediate annuity
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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