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An annuity is a financial product that provides a series of payments made at regular intervals, typically used for retirement income or investment purposes. In contrast, an endowment is a financial asset, often a donation, that is invested to generate income, usually for a specific purpose, like funding scholarships or supporting an organization over the long term. While annuities focus on cash flow over time, endowments aim to preserve capital and generate ongoing returns for specific uses.

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1mo ago

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