DEFERRED ANNUITY Definition

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

Learn new Accounting Terms

NET OPERATING INCOME (NOI) is income after deducting for operating expenses but before deducting for income taxes and interest.

ACCUMULATED DEPRECIATION is the cumulative charges against the fixed assets of a company for wear and tear or obsolescence.

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