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Every state allows a defaulting borrower to redeem the property before the foreclosure sale.
Defined Benefit Plans
Retirement plans promising a specified monthly benefit at retirement, often based on salary and years of service.
Longevity
The length of time an individual or entity has been in existence or operational, often used in the context of work tenure or product durability.
Defined Contribution Plans
Retirement plans in which employees contribute a fixed amount or percentage of their salaries, and the final benefits depend on the plan's investment performance.
Mandatory Benefits
Benefits that employers are legally required to provide to their employees, including social security, workers' compensation, and unemployment insurance.
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