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Definition of

immediate annuity


single-premium annuity with immediate payments a type of annuity that is purchased with a single premium and whose payments begin immediately

Definitions of ’immediate annuity’ and meaning of ’immediate annuity’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’immediate annuity’ and other financial terms with our online QFINANCE Financial Dictionary.

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