What is the definition of Life annuity? | Dictionary.net

LIFE ANNUITY

\lˈa͡ɪf ɐnjˈuːɪti], \lˈa‍ɪf ɐnjˈuːɪti], \l_ˈaɪ_f ɐ_n_j_ˈuː_ɪ_t_i]\

Definitions of LIFE ANNUITY

1910 - Black's Law Dictionary (2nd edition)

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Annuity from a certain date that pays over the life of an individual. Also known as whole life annuity.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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