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DEFERRED LIFE ANNUITIES Definition & Legal Meaning

Definition & Citations:

In English law. Annuities for the life of the purchaser, but notcommencing until a date subsequent to the date of buying them, so that, if thepurchaser die before that date, the purchase money is lost. Granted by thecommissioners for reduction of the national debt. See 10 & 17 Vict, c. 45.


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