Secondary market annuity
Secondary market annuity is a where an owner of an annuity sells it to a third party in exchange for a lump sum. The effect is that the seller swaps a stream of periodic payments for a immediate lump sum payment.
Secondary market annuity is a where an owner of an annuity sells it to a third party in exchange for a lump sum. The effect is that the seller swaps a stream of periodic payments for a immediate lump sum payment.
Secondary market annuity is a where an owner of an annuity sells it to a third party in exchange for a lump sum. The effect is that the seller swaps a stream of periodic payments for a immediate lump sum payment.
Source: Wikipedia "Secondary market annuity" · CC BY-SA 4.0
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