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Simple English definitions for legal terms

refund annuity

Read a random definition: debitum in praesenti solvendum in futuro

A quick definition of refund annuity:

An annuity is a type of payment plan where someone pays a certain amount of money regularly or all at once, and in return, they receive a fixed amount of money periodically. This can be for a set number of years or for the rest of their life. If the person dies before receiving all the payments, their beneficiary may receive the remaining amount. A refund annuity is a type of annuity that pays back the difference between the amount paid and the total received if the person dies before receiving all the payments.

A more thorough explanation:

A refund annuity is a type of annuity that provides payments to the annuitant for their lifetime. Upon the annuitant's death, any remaining balance is paid to their estate. This type of annuity is often used as a form of retirement income.

For example, if an individual purchases a refund annuity for $100,000 and receives $50,000 in payments over their lifetime, the remaining $50,000 would be paid to their estate upon their death.

Refund annuities provide a sense of security for the annuitant, as they know that any remaining balance will be paid to their loved ones. This type of annuity is often preferred by those who want to ensure that their heirs receive some benefit from their investment.

refund | refunding

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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