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joint and last survivor annuity
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joint and last survivor annuity
noun Insurance.
an annuity payable until the death of the last of two or more designated persons, though sometimes with reduced amounts after the first such person dies.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
Cite This Source
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