private annuity
Definition
Tax shelter in which capital gains taxes are deferred on the sale of assets that have appreciated in value. The proceeds from the sale are placed in an annuity that pays generally over the life of the annuitant.
private annuity is in the General, Marine, & Life Insurance and Investing subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/private-annuity.html
email to a friend print this definition cite this definition