DEFERRED ANNUITY Definition

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

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PERPETRATE is to carry out an action, e.g., a crime.

EX-FACTORY is where a sellers responsibility ends when the buyer at point of origin, i.e., factory, accepts merchandise. This can also be written as Ex-Warehouse, Ex-works, etc.

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