2 Replies to “What is BOT (Annuity)? What is DBFO?”

  1. The annuity is where you pay a large lump sum up front; you receive monthly payments for a set period of time. Most annuities pay you for life.

    You may be referring to a “performance bond” that is required by cities and states when hiring a road construction company. If the company defaults on the contract, the bond would reimburse the city..

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