contingent annuity

Definition of "contingent annuity"
  1. An annuity where the amount paid or recipient depends on a future event
How to use "contingent annuity" in a sentence
  1. The investment yielded a contingent annuity that depended on market performance.
  2. She was the receiver of a contingent annuity that would only be activated under specific conditions.
  3. Upon his retirement, he decided to invest in a contingent annuity that would pay out if he lived past a certain age.
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