CFR > Title 2 > Subtitle B > Chapter XXIV > Part 2424 > Subpart C – Responsibilities of Participants Regarding Transactions
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Terms Used In CFR > Title 2 > Subtitle B > Chapter XXIV > Part 2424 > Subpart C - Responsibilities of Participants Regarding Transactions
- 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.
- Statute: A law passed by a legislature.
- Trustee: A person or institution holding and administering property in trust.