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Deposit
A sum of money placed into a bank account or given as security for a contractual obligation.
Ordinary Annuities
Fixed payments received or paid out over a designated series of periods where the payments occur at the end of each period.
Annuities Due
An annuity for which payments are made at the beginning of each period, rather than at the end.
Deferred Annuities
An insurance product that delays payments of income, installments, or a lump sum until the investor elects to receive them, which is usually during retirement.
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