The Annuity Where the Cash Flows Continue Forever Is Called

question 11

Short Answer

The annuity where the cash flows continue forever is called a ________.

---

Definitions:

Alimony

Financial support paid to a former spouse after a marriage has been terminated. The alimony may be permanent or temporary, rehabilitative.

Common Law Marriage

A marriage that is formed by mutual consent and without a marriage license or ceremony. The couple must be eligible to marry, have a present and continuing agreement to be a couple, live together as a couple, and hold themselves out to the public as a couple. Many states do not recognize common law marriages.

Cohabitate

The act of living together in a shared residence, typically in a romantic or familial relationship, without being married.

Emancipated

The status of a minor who has received legal independence from parental control, often through a court process.