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Simple English definitions for legal terms

ordinary annuity

Read a random definition: at the courthouse door

A quick definition of ordinary annuity:

An ordinary annuity is when someone agrees to pay a certain amount of money to someone else every year or month. This usually stops when the person receiving the money dies. An annuity can also be a savings account for retirement. There are different types of annuities, like a fixed annuity that guarantees a certain amount of money, or a variable annuity that depends on how well investments do. Some annuities continue to pay out to a person's spouse after they die, while others only pay out during the person's lifetime.

A more thorough explanation:

An ordinary annuity is a type of annuity that makes payments at the end of each pay period. It 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 someone purchases an ordinary annuity that pays $1,000 per month for 10 years, they will receive $1,000 at the end of each month for 10 years. If the annuitant dies before the 10-year period is up, the payments will stop and the remaining balance will not be paid to their beneficiaries.

Another example of an ordinary annuity is a mortgage payment. A homeowner makes monthly payments to the lender, and each payment includes both principal and interest. The interest portion of the payment is an example of an ordinary annuity because it is paid at the end of each month.

Overall, an ordinary annuity is a type of financial product that provides a fixed income stream over a specified period. It is important to understand the terms and conditions of an annuity before purchasing one to ensure it meets your financial needs.

ordinary and necessary expense | ordinary assembly

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15:06
Yeah sorry I can't answer that Lauren, I don't sleep with anyone if I'm not already dating them
Dkk
15:06
@Rightfullytherlauren: This is like a stupid thing that only really hot guys and women have to think about. I have never had to think about this before. No answer.
Dkk
15:07
@bigroger100: No idea. Probably when they released last year unless they were supposed to release already.
BulbasaurNoLikeCardio
15:08
@Rightfullytherlauren: I am apparently a hot guy or just a slut cause I have had this before. If it is a FWB then you gotta follow the rules on that like wrapping your tool and such but if it is a casual fuck/bootie call they do not need to know if you are trying to find love and what you are doing when you are busy
BulbasaurNoLikeCardio
15:09
You just have to be smart and accept your choices, I know some people will believe a casual hook up or FWB is a regular exclusive thing. Communication is key if you are playing it that way but it is very dangerous to have multiple partners at the same time in a non-exclusive way
babycat
15:09
Yeah you should make it clear to them it's not exclusive
BulbasaurNoLikeCardio
15:10
I have been on the receiving/hurt end thinking it was exclusive when I was just her human dildo and it makes you feel bad.
babycat
15:11
Aw poor Bulbasaur
Dkk
15:11
In all of these situations described, the point of failure happened way before the emotional reality set in.
babycat
15:11
I'm like extremely monogamous at heart
babycat
15:12
I'm never dating or fucking more than one person at a time
babycat
15:12
But one time this guy I'd been dating for a little bit had a tinder notification come up on his phone and I flipped my shit lol
1a2b3c4d26z
15:12
Yea but isn't that just cheating
1a2b3c4d26z
15:12
If you're already dating
babycat
15:13
I mean like casual dating without a label
BulbasaurNoLikeCardio
15:13
My wife and I date girls together but we don't fuck unless it is going to be exclusive but having hot chick friends you can flirt with is great.
babycat
15:13
I also have hot chick friends I can flirt with
BulbasaurNoLikeCardio
15:13
@babycat: Tinder spams marketing messages so dude probably forgot to delete but either way he didn't deserve you so fuck him
babycat
15:14
That was actually it but I was mean to him for like two days about it anyways
Dkk
15:14
Yeah, I am going to bed. I am starting to feel tired. Goodnight.
15:14
Goodnight DK
Dkk
15:14
Thank you. Goodnight to you too.
babycat
15:14
don't let the bedbugs bite
Dkk
15:14
Yeah cus bed bugs can carry aids.
BulbasaurNoLikeCardio
15:14
The whole having a group of hot chick friends you can flirt with while going out is great. Makes for a fun and safer environment when drinking.
babycat
15:15
I love my hot chick friends. Don't know where I would be without them
15:15
Crazy story, I had dinner with the dad of a friend of mine and he just openly went on Tinder in front of me and the other guys. Later my mom ran into him with another woman (not his wife/friend's mom) and he got very uncomfortable and never texted her again
15:15
I can't imagine what it's like being a cheater or like a serial dater. Shit seems so nervewracking
BulbasaurNoLikeCardio
15:16
My wife and I have great and open communication but one night she kept asking me why this girl is blowing up my phone with messages/pictures so I showed her... she got a new puppy and got drunk so had her puppy doing a fashion shoot at 11pm.
babycat
15:16
Awwww
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