The State of California requires that you be told the following: Federal student loans are available to most students regardless of income and provide a range of repayment options including income-based repayment plans and loan forgiveness benefits, which other education loans are not required to provide.
â¢ ANNUITY (noun). The noun ANNUITY has 1 sense: 1. income from capital investment paid in a series of regular payments. Familiarity information: ANNUITY used as a noun is very rare.
What is an Annuity? An annuity is a financial product that straddles the fence between insurance and investment. With an annuity you exchange a sum of cash today â typically from your retirement nest egg right as you begin to retire â for consistent periodic payments in the future. How much that monthly payout is and how long it lasts depends greatly on the type of annuity purchased and lots of fine print.