Meaning Of The Word Immediate annuity

Real Dictionary

What's the definition of Immediate annuity? Find Immediate annuity meanings, definitions and more at the Real Dictionary online.

Immediate annuity Meaning

Immediate annuity Definition
Immediate annuity Definition

What's The Definition Of Immediate annuity?

immediate annuity in American English
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

immediate annuity in British English
noun: an annuity that starts less than a year after its purchase

immediate annuity in Insurance
noun: An immediate annuity is an annuity contract in which payouts begin immediately or within one year.

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