Deferred life annuities
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
In English law
Annuities for the life of the purchaser, but not commencing until a date subsequent to the date of buying them, so that, if the purchaser die before that date, the purchase money is lost. Granted by the commissioners for reduction of the national debt.
See 16 & 17 Viet, c. 45, § 2. Wharton.