Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

variable annuity

an annuity that makes payments in varying amounts depending on the success of investment strategy. cf. straight annuity. see variable annuity contract under contract

variable annuity contract

Securities. An annuity whose payments vary according to how well the fund (usu. made up of common stocks) that backs it is performing. SEC Rule 0-1(e)(1) (17 CFR § 270.0-1(e)(1)). See variable annuity under ANNUITY.