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

PRIVATE ANNUITY

\pɹˈa͡ɪvət ɐnjˈuːɪti], \pɹˈa‍ɪvət ɐnjˈuːɪti], \p_ɹ_ˈaɪ_v_ə_t ɐ_n_j_ˈuː_ɪ_t_i]\

Definitions of PRIVATE ANNUITY

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

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The waivering of the taxes on capital gains on assets that have increased in value. The sale amount is put in an annuity that is dispensed to the annuinant over the course of his/her life.

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

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