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Contingent annuity

Term · Law · MLC-T-LAW-001259

An annuity whose payments begin or end according to an uncertain event, most commonly the death of the annuitant or of another named person, rather than after a set number of payments. A life annuity is the usual example, and a survivor annuity that starts when a spouse dies is another. It contrasts with an annuity certain, which pays for a fixed term whether or not anyone survives.

Table 1. Record
IdentifierMLC-T-LAW-001259
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001259",
  "term": "Contingent annuity",
  "field": "Law",
  "definition": "An annuity whose payments begin or end according to an uncertain event, most commonly the death of the annuitant or of another named person, rather than after a set number of payments. A life annuity is the usual example, and a survivor annuity that starts when a spouse dies is another. It contrasts with an annuity certain, which pays for a fixed term whether or not anyone survives.",
  "url": "https://mlchart.com/terminology/law/contingent-annuity/"
}

Record 1,104 of 5,441 in Law terminology (MLC-0107). Request the full dataset.