12 CFR Part 1030 – Truth in Savings (Regulation Dd)
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Terms Used In 12 CFR Part 1030 - Truth in Savings (Regulation Dd)
- 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.
- Executor: A male person named in a will to carry out the decedent
- Grantor: The person who establishes a trust and places property into it.