Examlex
Which of the following statements is correct when considering accessory canals?
Economic value
The monetary worth of a good or service as determined by the market.
Deferred annuity
An annuity contract that delays payments of income, installments, or a lump sum until the investor elects to receive them.
Ordinary annuity
Regular payments of the same amount made at set intervals, during which interest is calculated and added at the end of each period.
Conditional sale contract
An agreement where the sale is conditional upon certain terms, often used in property and vehicle sales where possession is granted but legal ownership is retained by the seller until full payment is received.
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