retirement annuity

An annuity that begins making payments only after the annuitant’s retirement.

• If the annuitant dies before retirement, an agreed amount will usu. be refunded to the annuitant’s estate.

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词条贡献者

资深译员Betty，知名法学院国际金融法专业，擅长翻译各类与并购业务相关的法律文件。