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annuity - 8 dictionary results
an⋅nu⋅i⋅ty
[uh-noo-i-tee, uh-nyoo-] 
–noun, plural -ties.
| 1. | a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment. |
| 2. | the right to receive such an income, or the duty to make such a payment or payments. |
Origin:
1400–50; late ME < AF annuité, annualté < ML annuitās, equiv. to L annu(us) yearly (deriv. of annus year) + -itās -ity
1400–50; late ME < AF annuité, annualté < ML annuitās, equiv. to L annu(us) yearly (deriv. of annus year) + -itās -ity
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Based on the Random House Dictionary, © Random House, Inc. 2009.
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|
Link To annuity
| an·nu·i·ty (ə-nōō'ĭ-tē, ə-nyōō'-) n. pl. an·nu·i·ties
[Middle English annuite, from Anglo-Norman, from Medieval Latin annuitās, from Latin annuus, yearly, from annus, year; see at- in Indo-European roots.] |
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Annuity
An*nu"i*ty\, n.; pl. Annuities. [LL. annuitas, fr. L. annus year: cf. F. annuit['e].] A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance.
Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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annuity [(uh-nooh-uh-tee)]
A sum of money payable yearly or at regular intervals.
Note: Many people's retirement funds are set up to be paid in annuities.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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annuity
c.1412, "a yearly allowance," from M.L. annuitatem (nom. annuitas), from L. annus "year" (see annual). Meaning "an investment that entitles one to equal annual payments" is from 1693.
Online Etymology Dictionary, © 2001 Douglas Harper
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Annuity
A series of fixed payments paid at regular intervals over the specified period of the annuity. The fixed payments are received after a period of investments that are made into the annuity.
Investopedia Commentary
An annuity is essentially a level stream of cash flows for a fixed period of time. It is most often used as a form of income during retirement.
Related Links
Anything But Ordinary: Calculating The Present And Future Value Of Annuities
Getting the Whole Story on Variable Annuities
Passing the Buck: The Hidden Costs of Annuities
20 Investments You Should Know
See also: Annuitization Method, Deferred Annuity, Payout Phase, Perpetuity, Segregated Fund, Variable Annuity
Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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annuity
- A stream of equal payments to an individual, such as to a retiree, that occur at predetermined intervals (that is, monthly or annually). The payments may continue for a fixed period or for a contingent period, such as for the recipient's lifetime. Although annuities are most often associated with insurance companies and retirement programs, the payment of interest to a bondholder is also an example of an annuity. See also annuity certain, contingent annuity, deferred annuity, fixed annuity, joint and survivor annuity, refund annuity, straight life annuity, tax-sheltered annuity, variable annuity.
Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Copyright © 2003. Published by Houghton Mifflin.
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Main Entry: an·nu·ity
Pronunciation: &-'nü-&-tE, -'nyü-
Function: noun
Inflected Form: plural -ities
Etymology: Medieval Latin annuitas, from Latin annuus yearly
1 : an amount payable at regular intervals (as yearly or quarterly) for a certain or uncertain period
2 : the grant of or the right to receive an annuity
3 : a contract (as with an insurance company) under which one or more persons receive annuities in return for prior fixed payments made by themselves or another (as an employer)
annuity cer·tain
; plural annuities certain
: an annuity payable over a specified period even if the annuitant dies
annuity due
; plural annuities due
: an immediate annuity in which the payment of the benefits is made at the beginning of each payment interval rather than at the end
contingent annuity
: an annuity whose starting or ending date depends on the occurrence of an event (as the death of the annuitant) whose date is uncertain
con·ven·tion·al annuity
: an annuity under which the annuitant receives a specified minimum amount at each payment —compare VARIABLE ANNUITY in this entry
deferred annuity
: an annuity in which payment of benefits is delayed until a particular time (as at retirement) —compare IMMEDIATE ANNUITY in this entry
group annuity
: a pension plan paying annuity benefits at retirement for all eligible persons under a single master contract usually issued to an employer for the benefit of its employees
im·me·di·ate annuity
: an annuity purchased with a single premium in which payment of benefits begins within the first payment interval (as within a year) —compare DEFERRED ANNUITY in this entry
joint–and–survivor annuity
: an annuity payable as long as any of the two or more annuitants remains alive called also joint-and-last-survivor annuity joint and survivorship annuity joint life and survivorship annuity —compare JOINT LIFE ANNUITY in this entry
joint life annuity
: an annuity payable only until the death of any of the annuitants called also joint annuity —compare JOINT-AND-SURVIVOR ANNUITY in this entry
life annuity
: an annuity payable during the annuitant's lifetime and terminating at death called also straight life annuity
life income–pe·ri·od cer·tain annuity
: an annuity that guarantees a minimum number of payments even if the annuitant dies before the minimum amount is paid or a minimum number of payments plus income for life if the annuitant is still alive after the minimum amount is paid
refund annuity
: an annuity in which payments to the annuitant or to the annuitant's estate or to a beneficiary are guaranteed to equal at least the amount of the premium paid for the annuity
straight life annuity
: LIFE ANNUITY in this entry
var·i·able annuity
/'ver-E-&-b&l-/
: an annuity that is backed primarily by a fund of common stocks and whose payments go up or down depending on how well the stocks perform —compare CONVENTIONAL ANNUITY in this entry variable life insurance at LIFE INSURANCE
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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