Annuity

Note: The following are general definitions. Any particular term may be defined differently by a particular statute, case law, or the definitions section of the document in question. Consult legal counsel before acting on any information contained in this website.

Annuity

(As of January 2008. Definitions and statutes may change after this date.)

Annuity pertains to the periodic disbursement of a specific amount of money, with such disbursements to continue for life or for a pre-determined number of years.