deferred annuity

noun

1. an annuity that starts at the end of a specified period or after the annuitant reaches a certain age.

deferred annuity

noun

1. See immediate annuity
   an annuity that commences not less than one year after the final purchase premium Compare immediate annuity

Example Sentences

This Deferred Annuity may either be purchased in one sum, or by a yearly payment over that given term.

From Project Gutenberg

There may, indeed, be another reason for the failure of the deferred annuity system.

From Project Gutenberg

She purchased a deferred annuity of one hundred pounds to begin in April, 1850.

From Project Gutenberg