Which One of the Following Is a Correct Definition

question 124

Multiple Choice

Which one of the following is a correct definition?

• A) A perpetuityis an infinite stream of unequal payments.
• B) An ordinary annuity is a stream of equal payments which occur at the end of each time period.
• C) An annuity due is a stream of unequal payments which occur at the beginning of each time period.
• D) An ordinary annuity is an infinite stream of equal payments which occur at the end of each time period.
• E) A perpetuityis a series of equal payments which occur in even time intervals over a limited period of time.

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Definitions:

Quebec

A province in eastern Canada known for its French heritage, culture, and language.

Not Criminally Responsible

A legal defense asserting that at the time of committing a criminal act, a person was suffering from a mental disorder that rendered them incapable of appreciating the nature and quality of the act or knowing that it was wrong.

Criminal Law

The body of law that pertains to crime and punishment, dealing with acts considered harmful or threatening to a society's welfare.

Involuntarily Committed

The legal process by which individuals with severe mental illness are placed into a treatment facility without their consent.