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CD Annuity |
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CD Annuity An instrument that combines features of an annuity and a certificate of deposit. Like a fixed annuity, it gives the annuitant a series of payments each month for the duration of the annuity. Like a CD (and unlike many fixed annuities), the return is guaranteed for the entire life of the instrument. In other words, a CD annuity gives a return similar to a CD, though it is structured like an annuity. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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