immediate annuity
Definition
Annuity in which payments to the annuitant or beneficiary start at once upon establishment of the annuity plan or scheme. Such annuities are almost always purchased with a single (lump sum) payment.
immediate annuity is in the General, Marine, & Life Insurance and Investing subjects.
immediate annuity appears in the definition of the following term: deposit administration contract
This content can be found on the following page:
http://www.businessdictionary.com/definition/immediate-annuity.html
email to a friend print this definition cite this definition








