English version

annuity insurance

From Longman Business Dictionary
Related topics: Insurance
annuity insuranceanˈnuity inˌsurance [uncountable]INSURANCE insurance bought with a LUMP SUM (=one large payment) for which you receive a series of payments for a particular period of time or for the rest of your life. PENSIONs are a form of annuity insurance see also annuity insurance
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