Deferred Payment Annuity

Annuity whose contract provides that payments to the annuitant be postponed until a number of periods have elapsed-for example, when the annuitant attains a certain age. Also called a deferred annuity.

Annuity whose Contract provides that payments to the Annuitant be postponed until a number of Periods have elapsed (e.g., when the annuitant attains a certain age). Also called deferred annuity.