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.back to dictionary >
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State supervision controls the interest of consumer protection. It is a public authority which is controlling, if the insurance institutions are able…go to the dictionary >
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