Terms Used In Louisiana Codes > Children's Code > Title X > Chapter 11 - Restoration of Parental Rights

• 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.
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Permanent placement: means either placement of the child with a legal guardian or placement of the child with adoptive parents pursuant to a final decree of adoption. See Louisiana Children's Code 1003