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Also available:
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period certain
pe·ri·od cer·tain
noun
Definition:
period when annuity payments are guaranteed:
the period during which payments from an annuity that is not a lifetime annuity are guaranteed, even in the event of the death of the owner
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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