MLchartDataset catalogue

Annuity

Term · Law · MLC-T-LAW-000514

A financial product sold by financial institutions that is designed to accept and grow funds from an individual and then pay out a stream of payments at a later point in time. It is primarily used as a means of securing a steady income during retirement. Annuity contracts are regulated by state insurance departments.

Table 1. Record
IdentifierMLC-T-LAW-000514
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000514",
  "term": "Annuity",
  "field": "Law",
  "definition": "A financial product sold by financial institutions that is designed to accept and grow funds from an individual and then pay out a stream of payments at a later point in time. It is primarily used as a means of securing a steady income during retirement. Annuity contracts are regulated by state insurance departments.",
  "url": "https://mlchart.com/terminology/law/annuity/"
}

Record 292 of 5,439 in Law terminology (MLC-0107). Request the full dataset.