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Also known as a Period Certain Annuity. Fixed Period Annuity is a term used to describe a specific payout option for an Immediate Annuity contract. When an annuity distribution period begins or the annuitization begins, the annuitant can choose distributions over a fixed period of time.
[1, 2] Differential settlement is a deceptively destructive failure that commonly occurs when the building site has not been properly analyzed. Differential settlement will occur when âthe soil beneath a structure cannot bear the weights imposed. The settlement of a structure is the amount that the structure will âsinkâ during and after construction,â [a].