Advertising

Deferred nominal life annuity

• A monthly fixed-dollar payment beginning at retirement age. It is nominal because the payment is fixed in dollar amount at any particular time, up to and including retirement.

 
 

Follow this link for all the terms related to annuity.

 
 Embedded terms in definition
 Nominal
Time
 
 Related Terms
 

<< Deferred income taxes Deferred taxes >>

How to Ace Your First Test Managing Real Money in the Real World: As a teen, you're beginning to make some grown-up decisions about how to save and spend your money. That's why learning the right ways to manage money…right from the start…is important. Here are suggestions. More...

Many a man has finally succeeded only because he has failed after repeated efforts. If he had never met defeat he would never have known any great victory. - Orison Swett Marden

Advertising



Copyright ©2009-2019 GVC. All rights reserved.