conventional annuity

Definition of "conventional annuity"
  1. A type of annuity in which the payer promises to deliver a specified minimum sum during each scheduled payment
How to use "conventional annuity" in a sentence
  1. His retirement plan included a conventional annuity that guaranteed him a certain income each month.
  2. To safeguard her retirement funds, she decided to invest in a conventional annuity.
  3. With a conventional annuity, predictable payouts are made which can make financial planning easier.

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