annuity, variable

  • An annuity under which the amounts of the payments to be made are not specified in dollars but depend on the current market value of the securities in the annuity fund.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).