constituted annuityglossary / constituted annuity Louisiana law. An annuity that has a maximum duration of ten years and, under some circumstances, can be redeemed before the term’s expiration. La. Civ. Code art. 2796. 词条贡献者 资深译员玉晶,毕业于国内顶尖的高级翻译学院,擅长翻译各类与环境、安全与健康相关的法律文件。