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variable annuity
var·i·a·ble an·nu·i·ty (plural var·i·a·ble an·nu·i·ties)


noun 
Definition:
 
annuity with payout dependent on investments: an annuity whose periodic payouts are dependent on the proceeds of investments that underlie it
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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