A Deferred Annuity Is One in Which Interest Charges Are

question 40

True/False

A deferred annuity is one in which interest charges are deferred for a stated time period.

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Definitions:

Aglycone

The non-sugar portion of a glycoside molecule, which becomes free when the glycosidic bond is hydrolyzed.

Anomeric Carbon

The carbon atom in a cyclic saccharide that is connected to two oxygen atoms, one in an ether linkage and the other in a hydroxyl group, and its configuration determines the alpha or beta form of the saccharide.

Glycoside

A molecule in which a sugar is bound to another functional group or molecule through a glycosidic bond.

D-Aldopentose

A type of aldopentose, which is a 5-carbon sugar with an aldehyde group, having the 'D' configuration.