Terms Used In Maryland Code > BUSINESS OCCUPATIONS AND PROFESSIONS > Title 16 > Subtitle 8 - Short Title; Termination of Title

• 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.
• Appraisal: A determination of property value.
• Oversight: Committee review of the activities of a Federal agency or program.
• state: means :
  
  (1) a state, possession, territory, or commonwealth of the United States; or
  
  (2) the District of Columbia. See