Examlex
The short run is always considered to be one year or less.
Deferred Annuity
An annuity contract that delays payments until the investor elects to receive them, usually at retirement.
Ordinary Annuity
Periodic equal distributions made at the terminus of each phase throughout a determined period.
Ordinary Annuity
A financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees.
Tax-deferred
Tax-deferred refers to investments or accounts that allow earnings to grow without being taxed until the investor takes distributions, typically during retirement.
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