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Annuity
An investment vehicle that provides a steady flow of payments to a person, often utilized as a source of income for those in retirement.
Equivalent
Being equal in value, function, or meaning, often used in comparisons or equivalency assessments.
Lease Financing
A method of funding for acquiring assets, where the item is leased rather than purchased outright, often with an option to buy at the end.
Cash Payment
A transaction in which the payment for goods or services is made in cash at the time of purchase.
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