English version

immediate annuity

From Longman Business Dictionaryimmediate annuityimˌmediate anˈnuityINSURANCE an annuity where the first payment is made immediately or soon after the annuity contract is boughtA 65-year-old male could currently purchase a $100,000 single-premium immediate annuity and receive $622 a month for life. annuity
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