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Simple English definitions for legal terms

fixed annuity

Read a random definition: Uniform Commercial Code

A quick definition of fixed annuity:

A fixed annuity is a type of investment where you give money to an insurance company and they promise to pay you a certain amount of money every so often. It doesn't matter if their investments do well or not, you will still get the same amount of money. This is different from other types of annuities where the amount of money you get depends on how well the investments do. Fixed annuities are safe because the insurance company controls the investments to make sure they are stable.

A more thorough explanation:

A fixed annuity is a type of investment where an individual pays a lump sum of money to an insurance company, and in return, the insurance company promises to pay a specific amount of money to the individual at regular intervals, usually monthly, for a set period of time. The amount of money paid out is predetermined and does not depend on the performance of the investments made by the insurance company.

For example, let's say John invests $100,000 in a fixed annuity with an insurance company. The insurance company promises to pay John $500 per month for the next 20 years. This means that John will receive a total of $120,000 over the 20-year period, regardless of how well the insurance company's investments perform.

Fixed annuities are considered a safe investment because the insurance company guarantees a specific payout, regardless of market conditions. However, the downside is that the payout is typically lower than what could be earned through other types of investments, such as stocks or mutual funds.

fitness | fixed asset

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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