CFR > Title 5 > Chapter I > Subchapter B > Part 831 > Subpart Q > Entering Phased Retirement
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Terms Used In CFR > Title 5 > Chapter I > Subchapter B > Part 831 > Subpart Q > Entering Phased Retirement
- 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.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
- Statute: A law passed by a legislature.
- Trustee: A person or institution holding and administering property in trust.