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Community: Investing Wiki

Term Of The Hour

selling lottery winnings: Original post by Craig Woodman of Demand Media The big lottery jackpots that are advertised are not money paid all at once. Lottery winnings are typically paid out over many years, in installments. Some lotteries allow the winner an option to take a cash payout up front, but at a substantially reduced amount. If this is not offered, other independent companies will pay a lump sum if you turn over…

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