Annuity purchase

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The purchase of an annuity is a historical agreement between creditor and debtor that is only used in underdeveloped countries today ; In contrast to the installment payment , the repayment period is often not fixed or limited (see perpetual money ). With the purchase of an annuity, the obligee acquires the right to receive a mostly annually recurring benefit ( annuity ) from a property or house or as consideration for a one-off, larger payment. The rent purchase was from the medieval interest prohibition i. d. Usually excluded.

literature

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