variable annuity


noun

an annuity in which the premiums are invested chiefly in common stocks or other securities, the annuitant receiving payments based on the yield of the investments instead of in fixed amounts.

Nearby words

  1. vari,
  2. vari-,
  3. varia,
  4. varia lectio,
  5. variable,
  6. variable contrast paper,
  7. variable cost,
  8. variable life insurance,
  9. variable region,
  10. variable resistor

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019