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Definitions for "annuity" in Georgia State Code
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"Annuity" means a contract by which one party in return for a
stipulated payment or payments promises to pay periodic
installments for a stated certain period of time or for the life
or lives of the person or persons specified in the contract. The
term does [...] (3) "Annuity" means annual payments for life derived from the
accumulated contributions of a member. (3) "Annuity" means annual payments for life derived from the
accumulated contributions of a member. | |
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