Contingent annuity

Definition
: an annuity whose starting or ending date depends on the occurrence of an event (as the death of the annuitant) whose date is uncertain



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Based on Merriam-Webster's Dictionary of Law ©2001.
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promissory estoppel

an estoppel that prevents a promisor from denying the existence of a promise when the promisee reasonably and foreseeably relies on the promise and to his or her loss acts or fails to act and suffers an injustice that can only be avoided by enforcement of the promise


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