/ˈæn.ju.ɪ.ti ɪn rɪˈdɛmp.ʃən ʌv dɛt/ – Phrase
Definition: tiền trả nợ hàng năm.
A more throughout explanation: An annuity in redemption of debt refers to a financial arrangement where a debtor agrees to make periodic payments to a creditor in order to satisfy a debt obligation. The annuity payments are typically structured to include both interest and principal amounts, with the total amount paid over time equaling the original debt owed. This type of annuity arrangement allows the debtor to gradually repay the debt in installments rather than in a lump sum.
Example: The debtor agreed to make monthly payments to the creditor in the form of an annuity in redemption of the outstanding debt.