Hancock annuity

Annuity purchased by an employer for a former employee. If the employer’s clear intention was to provide an irrevocable pension for an already retired employee, when the purchase price is paid, the amount will attract tax relief (Hancock v. General Reversionary & Investment Co. Ltd (1918)).

Handicappccaped

As defined by Section 504 of the Rehabilitation Act of 1973, any person who has a physical or mental impairment that substantially limits one or more major life activities, has a record of such impairment, or is regarded as having such an impairment.