Terms Used In Texas Government Code Chapter 4003 > Subchapter F - Crowdfunding

• 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.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Month: means a calendar month. See Texas Government Code 312.011
• Rule: includes regulation. See Texas Government Code 311.005