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LSDefine

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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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
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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