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.
In its most general sense, an annuity is an agreement for one person or organization to pay another a stream or series of payments.Usually the term âannuityâ relates to a contract between you and a life insurance company, but a charity or a trust can take the place of the insurance company.There are many categories of annuities. They can be classified by: 1  Nature of the underlying investment â fixed or variable. Protection from creditors. 2  If you own an immediate annuity (that is, you are receiving money from an insurance company), generally the most that creditors can access is the payments as theyâre made, since the money you gave the insurance company now belongs to the company.