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LSDefine

Simple English definitions for legal terms

immediate annuity

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A quick definition of immediate annuity:

An immediate annuity is when someone pays a lump sum of money to an insurance or investment company and in return, they receive regular payments for a certain period of time. These payments stop when the person dies. There are different types of annuities, such as fixed annuities that guarantee a set payment, and variable annuities that depend on investment performance. An annuity can be used as a retirement income source.

A more thorough explanation:

An immediate annuity is a type of annuity that begins to pay benefits within the first payment interval. It is paid for with a single premium, and the payments terminate upon the death of the designated beneficiary. An annuity is an obligation to pay a stated sum, usually monthly or annually, to a stated recipient.

For example, if someone purchases an immediate annuity with a lump sum of $100,000, they will begin receiving regular payments immediately. The amount of the payments will depend on the terms of the annuity contract, such as the length of the payment period and the age of the annuitant.

Immediate annuities are often used as a retirement income source. They provide a guaranteed stream of income for life, which can help retirees manage their finances and plan for the future.

immatriculation | immediate breach

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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.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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