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Simple English definitions for legal terms

variable annuity contract

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A quick definition of variable annuity contract:

A variable annuity contract is an agreement between two or more parties that creates obligations that can be enforced by law. It is a written document that sets forth the terms of the agreement. A contract can refer to the series of actions taken by the parties, the physical document itself, or the legal relations resulting from the agreement. In simple terms, a contract is a promise or set of promises that the law recognizes as a duty, and if broken, can be remedied.

A more thorough explanation:

A variable annuity contract is an agreement between two or more parties that creates enforceable obligations. It is a legal document that sets forth the terms and conditions of the agreement. The term "variable" refers to the fact that the value of the annuity can fluctuate based on the performance of the underlying investments.

For example, an individual may purchase a variable annuity contract from an insurance company. The contract may require the individual to make regular payments into the annuity, and in exchange, the insurance company promises to pay the individual a stream of income in the future. The amount of the income payments will depend on the performance of the investments held within the annuity.

The variable annuity contract is a binding agreement that creates legal obligations for both parties. If either party fails to fulfill their obligations under the contract, the other party may have legal recourse to enforce the terms of the agreement.

VARA | variable cost

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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
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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
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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
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JumpySubsequentDolphin
22:39
@splitty Oregon!
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JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
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