Annuity

 

Meaning of the word: Annuity

An annuity is a term connecting with financial field. It means stream of fixed payments, it is periodically received over a specified period of time. Each annuity payment includes redemption, which is the installment of the borrowed funds and interest, it is a reward to the lender for their provision.

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Insurer

Insurer is party to an insurance arrangement who undertakes to indemnify for losses. The insurer provides insurance. The policyholder must pay…

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