Contingent Annuity Option

Contingent Annuity Option,

How Do You Define Contingent Annuity Option?

  • The definition of Contingent Annuity Option is: An option for which, under certain conditions, a worker may receive a pension amount which is reduced by a certain amount of equal income or a portion paid to another person, in case of death during that person's life. I am called its subsidiary. Additional recipients are usually spouses. See Joint Retirement and Survivor's Pension.

Literal Meanings of Contingent Annuity Option

Contingent:

Meanings of Contingent:
  1. Random cases.

  2. It occurs or only exists when (some circumstances) depend on the case.

  3. A group of people who are united by common characteristics and who are part of a larger group.

Sentences of Contingent
  1. Work emergency

  2. The resolution of the dispute depends on the signing of a ceasefire agreement

  3. A group of Japanese businessmen attending the conference

Synonyms of Contingent

chance, accidental, fortuitous, possible, unforeseen, unforeseeable, unexpected, unpredicted, unpredictable, unanticipated, unlooked-for, dependent, conditional, group, party, body, band, set

Annuity:

Meanings of Annuity:
  1. Usually for a lifetime, someone is paid a certain amount every year.

Sentences of Annuity
  1. You have a 1000 pension

Synonyms of Annuity

payment, pocket money, sum of money, remittance, contribution, consideration, handout, grant, subsidy, maintenance, financial support, subsistence, benefit, stipend, pension, annuity, keep, upkeep, expenses

Option:

Meanings of Option:
  1. Anything that can be selected.

  2. Offensive game where the ball carrier has the option to run, pass, pass or play late.

Sentences of Option
  1. Your second script has been selected while reading

Synonyms of Option

choice, alternative, recourse, possibility, course of action