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 双语律师Akira,国际知名法学院法律专业,擅长翻译各类与地产开发相关的法律文件。