CFR > Title 24 > Subtitle B > Chapter II > Subchapter B > Part 203 > Subpart B > Voluntary Termination
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| § 203.295 | Voluntary termination |
Terms Used In CFR > Title 24 > Subtitle B > Chapter II > Subchapter B > Part 203 > Subpart B > Voluntary Termination
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Contract: A legal written agreement that becomes binding when signed.
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- mortgage: as used in this part , except § 203. See 24 CFR 203.17
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.