ANNUITY Definition

ANNUITY, in finance, is a series of fixed payments, usually over a fixed number of years; or for the lifetime of a person, in which case it would be called a life-contingent annuity or simply life annuity.

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FINANCIAL ANALYSIS is analysis of a company's financial statement, usually by accountants or financial analysts.

PURCHASE MONEY AGREEMENT is an agreement under which a person pledges the property or item bought as security.

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