CENTAVO Definition

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CENTAVO is a currency of Mexico and many Central and South American countries, Cape Verde, Philippines etc.

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DEFERRED ANNUITY is an annuity in which the income payments/withdrawals begin at some future date

OUT-OF-P0CKET are expenses requiring an outlay of cash in a given time period, e.g., payroll, advertising and other operating expenses, but not depreciation.

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