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Finance Dictionary and Glossary of Investment Terms
immediate payment annuity
Definition 1.
An annuity which is purchased with a single payment and which begins to pay out right away.
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Definition 2.
An annuity contract that is purchased with one payment and has a specified payment plan which starts immediately.
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Definition 3.
An annuity contract paid by a single payment and with a specified payment plan the starts immediately after the contract is purchased.
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