Immediate Payment AnnuityAn annuity contract that is purchased with one payment and has a specified payment plan which starts immediately.
Investopedia Says:This type of annuity is sometimes used when a person turns 65 (or retirement age).
Related Terms:AnnuitantAnnuityAnnuity DueDeferred AnnuityVariable Annuity
英汉经管词典收录了7848条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。