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Financial terms in "Estate Planning"

1. Commitment

2. waiver

3. Uniform transfers to minors act

4. alienate

5. Chief Security Officer (CSO)

6. supplemental agreement

7. Right of First Refusal

8. compulsory

9. stipulate

10. third party

11. as is

12. Foreign Bank Supervision Enhancement Act (FBSEA)

13. counteroffer

14. Affinity fraud

15. Tax Court

16. related party transaction

17. Terms of a trust

18. securities attorneys

19. mortgage lien

20. representative

21. defer

22. community property

23. break fee

24. Transfer on death designation

25. Federal Financial Institutions Examination Council (FFIEC)

26. Canadian Investor Protection Fund (CIPF)

27. assignment of rents

28. Day of the Jackal fraud

29. condition

30. Writ Of Execution

31. anti-reciprocal rule

32. diamond investment trust

33. Emergency Banking Act Of 1933

34. Power of withdrawal

35. revocation

36. energy trust

37. bankruptcy estate

38. conservatorship

39. ltd

40. restraint of trade

41. Academy Of Financial Divorce Practitioners

42. Certified Financial Divorce Practitioner (CFDP)

43. series 24

44. IP-backed

45. inheritance

46. unauthorized investment

47. hedge clause

48. Collectible

49. entity

50. Department of the Treasury

51. Legal Entity

52. deferred wage increase

53. specified investment flow-through trust (SIFT)

54. Covenant

55. Chapter 13

56. joint life with last survivor annuity

57. legacy

58. Incorporation

59. Title

60. Clear Title

61. adjusted gross estate

62. Internal Revenue Bulletin (IRB)

63. contingent annuity

64. Financial Stability Oversight Council

65. assignability

66. Arbitration

67. Abstract of Title

68. residue

69. action to quiet title

70. executrix

71. FCC

72. Escrow Account

73. launder

74. repatriable

75. Public Company Accounting Oversight Board

76. incapacity

77. closed union

78. Patent

79. legal

80. Uniform Prudent Investor Act (UPIA)

81. triggering term

82. remainder interest

83. exemption trust

84. Securities Exchange of Thailand

85. arm's length transaction

86. ordinance

87. coercive incentive

88. express agreement

89. intellectual property

90. inventory

91. pay on death

92. delivery

93. Penny Stock Reform Act of 1990

94. discretionary

95. assignee

96. accept

97. disclaimer

98. executor

99. Tax Equity and Fiscal Responsibility Act of 1982

100. community income

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Featured term of the day

Definition / Meaning of

Fixed Annuity

Categories: Insurance, Legal, ,

A fixed annuity is a contract that allows you to accumulate earnings at a fixed rate during a build-up period. You pay the required premium, either in a lump sum or in installments. The insurance company invests its assets, including your premium, so it will be able to pay the rate of return that it has promised to pay.At a time you select, usually after you turn 59 1/2, you can choose to convert your account value to retirement income. Among the alternatives is receiving a fixed amount of income in regular payments for your lifetime or the lifetimes of yourself and a joint annuitant. That's called annuitization. Or, you may select some other payout method.The contract issuer assumes the risk that you could outlive your life expectancy and therefore collect income over a longer period than it anticipated. You take the risk that the insurance company will be able to meet its obligations to pay.Some variable annuities offer a fixed rate account with a guarantee of principal, such as an interest account.

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10. Pension

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