The Settlement Option That Provides for Ongoing Payments for a Period

question 52

Multiple Choice

The settlement option that provides for ongoing payments for a period of time is called

• A)an annuity.
• B)a reverse premium.
• C)a premium payout.
• D)an annual premium.

---

Definitions:

Covalent Bonds

Chemical bonds formed by the sharing of electron pairs between atoms, creating a stable balance of attractive and repulsive forces.

Negative Charge

A characteristic of a particle or object indicating it has more electrons than protons.

Protons

Positive-charged particles present in the core of an atom, known as subatomic particles.

Electrons

Subatomic particles with negative charge, found in all atoms and acting as the primary carrier of electricity in solids.