Business, Legal & Accounting Glossary
An annuity arrangement in which the beneficiary does not begin receiving payments until a specified event occurs. A contingent annuity may be set up to begin sending payments to a beneficiary upon the death of another individual who wishes to ensure financial stability for the beneficiary, or upon retirement or disablement of the beneficiary.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Contingent Annuity are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.