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Simple English definitions for legal terms

nonrefund annuity

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A quick definition of nonrefund annuity:

An annuity is a type of payment that someone receives regularly, usually monthly or yearly. It can be like a savings account for retirement, where money is put in and grows tax-free until the person starts taking payments. There are different types of annuities, such as ones that pay for a certain number of years or ones that only pay for the person's lifetime. A nonrefund annuity is a type of annuity that pays the person for their whole life, but when they die, no one else gets any money back.

A more thorough explanation:

A nonrefund annuity is a type of annuity that guarantees payments to the annuitant during their lifetime, but does not provide any refund to anyone upon their death. An annuity is an obligation to pay a stated sum, usually monthly or annually, to a stated recipient. These payments terminate upon the death of the designated beneficiary.

For example, if John purchases a nonrefund annuity, he will receive guaranteed payments for the rest of his life. However, if John dies before receiving the full amount of his annuity, there will be no refund to his beneficiaries.

Nonrefund annuities are also known as straight life annuities or pure annuities. They are often used as a source of retirement income.

nonrefoulement | nonremovable inmate

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triplethread
13:28
mamas getting denied
JumpySubsequentDolphin
13:29
the bergdorf on 5th Ave in NYC is so
JumpySubsequentDolphin
13:29
it feels like home
Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
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