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Meaning / Definition of

Term Certain Annuity

Categories: Retirement and Pension,

A type of annuity that provides fixed periodic payments for a pre-specified period of time, rather than for an undetermined duration such as the lifetime of the recipient. This type of annuity is not well suited for retirement income, since the recipient may outlive the duration of the annuity.

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Definition / Meaning of

Building Ordinance Coverage

Categories: Insurance,

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