Meaning Of The Word Joint and last survivor annuity

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Joint and last survivor annuity Meaning

Joint and last survivor annuity Definition
Joint and last survivor annuity Definition

What's The Definition Of Joint and last survivor annuity?

joint and last survivor annuity in American English
noun: 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

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