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infospace: process book-5-chapter-03

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Extract entities, map to VSM, and synthesize analysis.
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Bernd Worsch
2026-02-19 22:54:40 +01:00
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-5-chapter-03 -->
# Annuities for Lives
## Definition
Financial instruments that provide regular payments for the duration of
specified individuals' lives, commonly used by governments to borrow money
by selling the right to receive annual payments while the annuitant lives.
## Source Chapter
Book V, Chapter 3
## Context
Smith examines annuities for lives as one method of government borrowing,
noting their popularity in France and explaining why they are less attractive
to English merchants who prefer perpetual annuities.
## Economic Domain
Regulation
---