Examlex
How does the bureaucracy make policy through administrative discretion,rule-making,and adjudication?
Life Annuity
An insurance product that guarantees regular payments to the annuitant for life, in exchange for an initial investment.
Term Annuity
An insurance product that pays out income over a fixed period or term, not necessarily for life.
Compounded Monthly
This involves the recalculating of interest on a loan or investment by taking into account both the initial principal and the accumulated interest from previous periods, recalculated on a monthly basis.
Life Annuity
A financial product providing a series of payments at regular intervals for the remainder of the annuitant's life.
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