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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DISPATCH, in shipping, is the amount paid by a vessels operator to a charterer if loading or unloading is completed in less time than stipulated in the charter party.

MONEY MARKET is a sector of the capital market where short-term obligations such as Treasury bills, commercial paper and bankers acceptances are bought and sold.

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