Annuity contract that pays fixed payments to the policyholder, but not until a date selected by the purchaser has been reached. These payments are made on a monthly or quarterly basis and can vary based on if the purchaser selected a fixed of variable annuity contract.
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A fixed or variable annuity contract for which fixed-amount premiums are paid either monthly or quarterly, and that does not begin paying out until a time elected ...
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Definition of periodic purchase deferred contract: Annuity contract that pays fixed payments to the policyholder, but not until a date selected by the purchaser has ...
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In some cases, premium payments may continue after payments from the annuity have begun. A periodic purchase deferred contract can be either fixed or ...
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periodic purchase deferred contract definition: A deferred annuity purchased with a series of premium payments. For example, an individual might obtain a ...
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Also called deferred-payment annuity. Compare immediate annuity. See also longevity insurance, periodic purchase deferred contract, single-premium deferred ...
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Compare periodic purchase deferred contract. The American Heritage® Dictionary of Business Terms Copyright © 2010 by Houghton Mifflin Harcourt Publishing ...
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performance stock · performance · peril point · peril · period certain annuity · periodic payment plan · periodic purchase deferred contract · perishable · perjury ...
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Compare periodic purchase deferred contract. Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2010 ...