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LSDefine

Simple English definitions for legal terms

refund annuity

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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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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.
[] 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
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