Dictionary.com
definitions

deferred annuity

noun
  1. an annuity that starts at the end of a specified period or after the annuitant reaches a certain age.
Compare immediate annuity.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
British Dictionary definitions for deferred annuity

deferred annuity

noun
  1. an annuity that commences not less than one year after the final purchase premiumCompare immediate annuity
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012