GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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09:54 Feb 12, 2007 |
French to English translations [PRO] Bus/Financial - Finance (general) / Pensions doc | |||||||
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| Selected response from: Marc Glinert Local time: 20:35 | ||||||
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Summary of answers provided | ||||
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4 | applies exclusively to |
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3 +1 | payable (quarterly) during the life (of XXX only) |
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3 | non reversionary annuity |
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applies exclusively to Explanation: the member |
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non reversionary annuity Explanation: Hi Charlotte. bit of a speciality field here for me.... It sounds to me that what we have here is a non reversionary annuity i.e. the annuity provider commits to pay out during the lifetime of the beneficiary, but not thereafter (to the spouse). In French life insurance terminology "tête" is often used to denote "life/lifetime". Reference: http://www.thefreedictionary.com/reversionary+annuity |
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payable (quarterly) during the life (of XXX only) Explanation: It's not the annuity "belongs" to XXX. It stops when XXX dies. -------------------------------------------------- Note added at 2 days12 hrs (2007-02-14 22:15:30 GMT) -------------------------------------------------- Sorry, make that "It's not that the". |
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