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The term “annuity” includes any pension or annual payment, but does not include any Government securities or any annuities, for life or years, granted or payable by the Commissioners for the Reduction of the National Debt :
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The term “limited owner” means a corporation (aggregate or sole), tenant in tail or for life, a married woman entitled in her own right, a guardian, a committee of a lunatic or idiot, a trustee for any purpose, charitable or other, an executor or administrator, and any person entitled to any less interest in an annuity than a tenancy for life.
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