refund annuity

An annuity that, upon the annuitant’s death, pays to the annuitant’s estate the difference between the purchase price and the total payments received during the annuitant’s lifetime.

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词条贡献者

译员Terence，毕业于国内顶尖法学院，擅长翻译有关能源和自然资源领域的法律文件。