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An Equal Stream of Periodic Payments Is Called an Annuity

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An equal stream of periodic payments is called an annuity.


Definitions:

Tort Cases

Legal disputes where one party alleges harm caused by another's wrongful act, seeking compensation for suffered damages.

Written Warranty

A guarantee, in written form, regarding the condition of a product and the maker's commitment to repair or replace defective parts within a certain period.

Designated

Assigned or appointed for a specific purpose or position.

Express Warranty

A warranty made in words, either oral or written.

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