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Definition of

variable annuity


annuity without fixed payments an annuity that offers no guarantee but has potential for a greater return, usually based on the performance of a stock or mutual fund.

Related definitions of "variable annuity"

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

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