immediate annuity

noun
an annuity bought with a single premium, with payments to the annuitant to begin at the end of one payment period, as a month or a year.
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Based on the Random House Dictionary, © Random House, Inc. 2013.
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World English Dictionary
immediate annuity
 
n
Compare deferred annuity an annuity that starts less than a year after its purchase

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Immediate annuity is always a great word to know.
So is zedonk. Does it mean:
a screen or mat covered with a dark material for shielding a camera lens from excess light or glare.
the offspring of a zebra and a donkey.
Example sentences
We oppose a rule that would cause such a result for an immediate annuity.
Your agency must certify that you are eligible for an immediate annuity.
If the payments start immediately, you have an immediate annuity.
With an immediate annuity, you will be told at the time of purchase exactly how
  much money you will get and when you will get it.
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