Examlex
Compare and contrast the early Pennsylvania and New York penitentiary systems.
Ordinary Annuity
A succession of equivalent remittances occurring at regular intervals for a certain stretch of time.
Deferred Annuity
An insurance product that provides future payments to the holder, usually after retirement, where payments are delayed for a certain period.
Ordinary Annuity
A financial product resulting in a stream of payments to the holder at regular intervals over a specified period of time, typically at the end of each period.
Deferred Annuity
An insurance product that delays income payments until the investor elects to receive them, typically at retirement.
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