Account or Annuity Sample Clauses

The 'Account or Annuity' clause defines the types of financial products or arrangements covered under an agreement, specifically distinguishing between accounts (such as savings or brokerage accounts) and annuities (contracts providing periodic payments). This clause typically clarifies which assets, funds, or instruments are subject to the terms of the contract, and may outline how contributions, withdrawals, or distributions are handled for each type. Its core practical function is to ensure clarity regarding the scope of the agreement, preventing misunderstandings about which financial products are included and how they are to be managed under the contract.