annuity
annuity
Definition
an·nu·ity (ə no̵̅o̅′ə tē, -nyo̵̅o̅′-)
noun pl. -·ties
- a payment of a fixed sum of money at regular intervals of time, esp. yearly
- an investment yielding periodic payments during the annuitant's lifetime, for a stated number of years, or in perpetuity
Etymology: ME & OFr annuite < ML annuitas < L annuus, annual < annus: see annual
annuity Finance Definition
A
financial instrument that pays out the investors earnings on a regular,
periodic basis for a set amount of time. Annuities typically are used to
provide funds for retirement. Annuities may be paid for the duration of a
persons life or may be set for a certain period of time. Annuities are
tax-deferred, so the earnings from investments in these accounts grow without
tax liability until the benefits are paid out.
annuity
Law Definition
n
A fixed sum paid out at
regular intervals for a certain period of time and subject to limitations set
by the grantor. For example, a person may be entitled to fixed and periodic
payments for the rest of his life once he reaches a certain age. See also life estate and trust.
annuity
Usage Examples
Converse of object
- purchase: Do I have to purchase an annuity at age 75?
- buy: You have a choice Apart from anything else, buying an annuity is the biggest single purchase many of us will make.
Adjective modifier
- deferred: The fund could then - acting as a whole - negotiate the purchase of deferred annuities with providers.
- impaired: However, with an enhanced or impaired life annuity the worse the medical conditions the higher will be the income paid to an annuitant.
- cent.: It is endowed with £ 100 three per cent. reduced Annuities, purchased in 1797 with money given by several benefactors.
- terminable: The other possibility was to buy off the Anglo-Irish landlords at public expense by means of a Treasury advance repayable by terminable annuities.
- guaranteed: Also check whether your current company offer a guaranteed annuity.
- unit-linked: With-profits, unitised with-profits, unit-linked, annuities in payment, or other policies issued by Pearl Assurance plc are not affected.
Modifies a noun
- ape: Fixed index annuity APE sales of £ 13 million were down 7 per cent on the same period of 2005.
- Co: From expensive emergency annuity co ing insurance life years ago is.
- rate: Over the same period annuity rates have worsened by about 21 % .
- contract: The annuity contract or trust scheme must have been approved by the Inland Revenue.
- purchase: This allows for a deferral of annuity purchase past the age of 75.
- taxation: This annuity taxation can be compared to a compulsory purchase annuity for a pension where all the income is taxed as earned income.
Noun used with modifier
- with-profits: We also review the amount of your income payments each year at the anniversary of the date your with-profits annuity policy started.
- retirement: Last day to make retirement annuity payments to carry back to previous tax year.
- with-profit: He departed as 50,000 stunned with-profit annuity holders had just been told their pensions would be slashed by up to 30 per cent.
- lifetime: In lieu of the original lifetime tenancy granted the home income plan provider will provide you with a lifetime annuity.
- pension: A pension annuity is used to convert capital within a pension plan into a regular guaranteed lifetime income.
- profit: One way of having a higher income is to initially select a With Profits annuity.
annuity Quotes
Buyan annuity cheap, and make your life interesting to yourself and everybody else that watches the speculation. 268
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