Future interests (actuarial science)

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Future interests is the subset of actuarial math that divides enjoyment of property -- usually the right to an income stream either from an annuity, a trust, royalties, or rents -- based usually on the future survival of one or more persons (natural humans, not juridical persons such as corporations).

Property, in the abstract, is what belongs to or with something, whether as an attribute or as a component of said thing. In the context of this article, it is one or more components, whether physical or incorporeal, of a person's estate; or so belonging to, as in being owned by, a person or jointly a group of people or a legal entity like a corporation or even a society. Depending on the nature of the property, an owner of property has the right to consume, alter, share, redefine, rent, mortgage, pawn, sell, exchange, transfer, give away or destroy it, or to exclude others from doing these things, as well as to perhaps abandon it; whereas regardless of the nature of the property, the owner thereof has the right to properly use it, or at the very least exclusively keep it.

Trust law three-party fiduciary relationship

A trust is a three-party fiduciary relationship in which the first party, the trustor or settlor, transfers ("settles") a property upon the second party for the benefit of the third party, the beneficiary.

Renting agreement where a payment is made for the temporary use of a good, service or property owned by another

Renting, also known as hiring or letting, is an agreement where a payment is made for the temporary use of a good, service or property owned by another. A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership.


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Demographic statistics are measures of the characteristics of, or changes to, a population. Records of births, deaths, marriages, immigration and emigration and a regular census of population provide information that is key to making sound decisions about national policy.

Discounting

Discounting is a financial mechanism in which a debtor obtains the right to delay payments to a creditor, for a defined period of time, in exchange for a charge or fee. Essentially, the party that owes money in the present purchases the right to delay the payment until some future date. The discount, or charge, is the difference between the original amount owed in the present and the amount that has to be paid in the future to settle the debt.

Extortion criminal offense

Extortion is a criminal offense of obtaining money, property, or services from an individual or institution, through coercion. It is sometimes euphemistically referred to as a "protection racket" since the racketeers often phrase their demands as payment for "protection" from threats from unspecified other parties; though often, and almost always, such "protection" is simply abstinence of harm from the same party, and such is implied in the "protection" offer. Extortion is commonly practiced by organized crime groups. The actual obtainment of money or property is not required to commit the offense. Making a threat of violence which refers to a requirement of a payment of money or property to halt future violence is sufficient to commit the offense. Exaction refers not only to extortion or the demanding and obtaining of something through force, but additionally, in its formal definition, means the infliction of something such as pain and suffering or making somebody endure something unpleasant.

Future time which has yet to occur

The future is the time after the present. Its arrival is considered inevitable due to the existence of time and the laws of physics. Due to the apparent nature of reality and the unavoidability of the future, everything that currently exists and will exist can be categorized as either permanent, meaning that it will exist forever, or temporary, meaning that it will end. In the Occidental view, which uses a linear conception of time, the future is the portion of the projected time line that is anticipated to occur. In special relativity, the future is considered absolute future, or the future light cone.

The imperative mood is a grammatical mood that forms a command or request.

In grammar, a future tense is a verb form that generally marks the event described by the verb as not having happened yet, but expected to happen in the future. An example of a future tense form is the French aimera, meaning "will love", derived from the verb aimer ("love"). English does not have a future tense formed by verb inflection in this way, although it has a number of ways to express the future, particularly the construction with the auxiliary verb will or shall or is/am/are going to and grammarians differ in whether they describe such constructions as representing a future tense in English.

<i>Carpe diem</i> latin phrase

Carpe diem is a Latin aphorism, usually translated "seize the day", taken from book 1 of the Roman poet Horace's work Odes.

Mehndi form of body art from Ancient India, in which decorative designs are applied on a persons body using a paste of the powdered dry leaves of the henna plant (Lawsonia inermis)

Mehndi is a form of body art originating from the Indian subcontinent, in which decorative designs are created on a person's body, using a paste, created from the powdered dry leaves of the henna plant. Dating back to ancient India, mehndi is still a popular form of body art among the women of the Indian subcontinent, Africa and the Middle East.

Memorial object which serves as a focus for memory of something

A memorial is an object which serves as a focus for the memory of something, usually a deceased person or an event. Popular forms of memorials include landmark objects or art objects such as sculptures, statues or fountains and parks.

Narration is the use of a written or spoken commentary to convey a story to an audience. Narration encompasses a set of techniques through which the creator of the story presents their story, including:

A candidate, or nominee, is the prospective recipient of an award or honor, or a person seeking or being considered for some kind of position; for example:

In law, vesting is to give an immediately secured right of present or future deployment. One has a vested right to an asset that cannot be taken away by any third party, even though one may not yet possess the asset. When the right, interest, or title to the present or future possession of a legal estate can be transferred to any other party, it is termed a vested interest.

In the U.S. armed forces, separation means that a person is leaving active duty, but not necessarily leaving the service entirely. Separation typically occurs when someone reaches the date of their Expiration of Term of Service (ETS) and are released from active duty, but still must complete their military reserve obligations. Upon separation, they receive form DD214, which indicates their former and future status.

In property law of the United Kingdom and the United States and other common law countries, a remainder is a future interest given to a person that is capable of becoming possessory upon the natural end of a prior estate created by the same instrument. Thus, the prior estate must be one that is capable of ending naturally, for example upon the expiration of a term of years or the death of a life tenant. A future interest following a fee simple absolute cannot be a remainder because of the preceding infinite duration.

In property law and real estate, a future interest is a legal right to property ownership that does not include the right to present possession or enjoyment of the property. Future interests are created on the formation of a defeasible estate; that is, an estate with a condition or event triggering transfer of possessory ownership. A common example is the landlord-tenant relationship. The landlord may own a house, but has no general right to enter it while it is being rented. The conditions triggering the transfer of possession, first to the tenant then back to the landlord, are usually detailed in a lease.

A company, abbreviated as co., is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise. Company members share a common purpose, and unite to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals. Companies take various forms, such as:

In Hebrew, verbs, which take the form of derived stems, are conjugated to reflect their tense and mood, as well as to agree with their subjects in gender, number, and person. Each verb has an inherent voice, though a verb in one voice typically has counterparts in other voices. This article deals mostly with Modern Hebrew, but to some extent, the information shown here applies to Biblical Hebrew as well.

Tswa (Xitswa) is a South-Eastern Bantu language in Southern Mozambique. Its closest relatives are Ronga and Tsonga, the three forming the Tswa–Ronga family of languages.

Population ethics is the philosophical study of the ethical problems concerning populations. It is also sometimes called population axiology, which is "the theory of when one state of affairs is better than another, where the states of affairs may differ over the number of people who ever live". It deals with the special problems that arise when actions or policies cannot be said to affect individual persons but merely to substitute one group of people with another. Such problems usually only arise when our actions affect future generations. Perspectives in population ethics include natalism and antinatalism.

Liability (financial accounting) sum of the equity and the liabilities

In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.