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annuity bond

noun

Definitions of annuity bond

  • (also: annuity) an arrangement where an investor pays a lump sum to an issuer, who then continues to pay interest as long as the original investment is not repaid

    "The scheme provides a guaranteed income by utilizing a single premium annuity bond, which yields a high rate of interest."

Phrase Bank for annuity bond

Additional Notes for annuity bond

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