ANNUITY CERTAIN
\ɐnjˈuːɪti sˈɜːtən], \ɐnjˈuːɪti sˈɜːtən], \ɐ_n_j_ˈuː_ɪ_t_i s_ˈɜː_t_ə_n]\
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An annuity that promises a fixed number of payments over its lifetime. This is true if the party lives past the payment number required. If they die a beneficiary gets the payments until the contract is fulfilled. AKA life annuity certain and life anniuty
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.