annuity certain

Definition of "annuity certain"
  1. A specific type of annuity that continues to be paid for a set period, even if the person receiving it passes away
How to use "annuity certain" in a sentence
  1. The contract included an annuity certain which ensured payments for a set period regardless of any circumstances.
  2. She decided to go for an annuity certain in order to provide financial support for her heirs.
  3. An annuity certain can offer more security as it provides guaranteed payments for a specific time frame.

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