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Investing Glossary:
Periodic purchase deferred contract
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Periodic purchase deferred contract
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| Definition: |
| A fixed or variable Annuity contract for which fixed-amount premiums are paid either monthly or quarterly, and that does not begin paying Out until a time elected by the annuitant.
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