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group annuity

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group annuity

–noun Insurance.
a plan in which the members of a group, usually employees of the same company, receive annuities upon retirement.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Legal Dictionary

Main Entry: group annuity
see ANNUITY
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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