Annuity (European Financial Arrangements)
An annuity is a financial contract which provides an income stream in return for an initial payment with specific parameters. It is the opposite of a settlement funding. A Swiss Annuity is not considered a European annuity for tax reasons.
Read more about Annuity (European Financial Arrangements): Immediate Annuity, Deferred Annuity, Government Incentives, Terminable Annuities, Annuity Calculations, History of Calculating Life Annuities or Pensions
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