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1.an annuity scheme wherein participants share certain benefits and on the death of any participant his benefits are redistributed among the remaining participants; can run for a fixed period of time or until the death of all but one participant.
参加者共享一笔基金，有人死亡时，此项基金再从新在在世的人中分配；可以在一定时期内或一直到剩下最后的仅存者。收藏指正
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