A(n)__________ is a contract to make regular payments to a person for life or for a fixed period.
A) Income stream
B) Annuity
C) Allowance
D) Pension stream

Question

Quizplus · Accepted Answer

An annuity is a contract to make regular payments to a person for life or for a fixed period. An income stream and a pension stream are similar concepts but are not specific financial products like an annuity. An allowance typically refers to a set amount of money paid regularly to someone, such as an allowance given to a child by a parent.

A(n)__________ Is a Contract to Make Regular Payments to a Person