The meaning of settlement is very simple. Since it is depending on period so it is an adjustment of a period. In a word it is said that settlement is the time frame of adjustment.
The word annuity is very important for any human
being. It's meaning is massive. Simple can be said, an annuity is a contract between
the two parties of an insurance. The insurance company sales this to the
insurer which generates income flow on the basis of tax-deferred for the
livelihood. There are a lot of people in the world, they prefer to get a fixed
income flow for their future livelihood.
