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Click the first letter of the term you're searching for to get an easy-to-understand explanation.

Joint and Survivor Annuity -

An annuity from which more than one person can receive regular payments. Upon the original annuitant's death, regular payments are made to the designated survivor.

Joint Tenancy -

A form of property ownership in which two or more individuals own property jointly. If one owner dies, the survivors are automatically entitled to the decedent's share of the property.