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.
THE SEPTEMBER WORD OF THE DAY QUIZ HAS ARRIVED!
Go ahead, test your mental legerity to see how many words you remember from last month!
Question 1 of 10
Which definition best describes “spang”?
Words nearby variable annuity
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020