What does annuity mean?

annuity meaning in General Dictionary

A sum of income payable annually to carry on for a given number of years for a lifetime or permanently a yearly allowance

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  • earnings from capital financial investment paid in a number of regular repayments
  • A sum of money, payable annual, to keep for certain period of time, for life, or permanently; a yearly allowance.

annuity meaning in Legal Dictionary

n. 1) a yearly amount compensated from a policy or present. 2) short for a purchased annuity plan that'll pay dividends into owner frequently for a long time and for life.

annuity meaning in Finance Dictionary

The repayment of a typical income by a life company to an annuitant either for life or faster times in return for a lump sum.Annuities are generally employed for pensions as well as the individual obtaining the annuity is known as an annuitant. In the united kingdom they could generally be classified into two types:- A compulsory purchase annuity, which will be purchased from the proceeds of a pension fund and it is nonexempt as received income.- A purchased life annuity, that will be purchased with a person's very own capital and taxed at less rate than a compulsory purchase annuity.There are three various kinds of pension annuities, commonly known as standard annuities, with-profits annuities and unit-linked annuities.Standard pension annuities are the most commonly bought and take into account over ninety % for the British market. The income from a standard retirement annuity is assured throughout the annuitant's life whereas the income from a with-profits or unit-linked annuity will fluctuate with regards to the investment overall performance of this fundamental assets.

annuity meaning in Law Dictionary

annual amount stipulated to be compensated to another in charge, or even for life, or years, and chargeable ohly on individual associated with the grantor. Co. Litt. '1446. An annuity differs from the others from a rent-charge, with which it is occasionally coufouuded, the annuity becoming chargeable on the person simply, so far personalty; while a rentcharge is something set aside away from realty, or fixed as a weight upon an estate in land. 2 Bl. Comm. 40; Rolle, Abr. 220; Ilorton v. Cook, 10 Watts (Pa.) 127, 30 in the morning. Dec. 151. The agreement of annuity is that in which one party provides to a different a sum of income, and agrees to not reclaim it provided that the receiver pays the rent decided. This annuity is either perpetual or even for life. Civ. Code La. arts. 2793, 2794. Title of an action, today disused, (L. I.at. brcrv de annuo redditu,) which lay for data recovery of an annuity. Reg. Orig. 1586; Bract, l'ol. 2036; 1 Tidd, Tr. 3.

annuity meaning in Etymology Dictionary

very early 15c., "a yearly allowance, grant payable in yearly installments," from Anglo-French and Old French annuit

annuity meaning in Business Dictionary

a number of repayments at fixed intervals, assured for a hard and fast period of time or perhaps the duration of more than one individuals. Much like a pension, the money is paid out of a good investment agreement under which the annuitant(s) deposit specific amounts (in a lump sum or in installments) with an annuity guarantor (usually a government company or an insurance coverage firm). The total amount repaid includes principal and interest, either-or each of which (with respect to the regional regulations) is tax-exempt. An annuity just isn't insurance coverage but a tax-shelter.

annuity meaning in Insurance Dictionary

a stream of regular payments made-over a specified duration.

annuity meaning in General Dictionary

(letter.) A sum of income, payable yearly, to keep for confirmed period of time, for life, or forever; a yearly allowance.

Sentence Examples with the word annuity

A fourth of this sum was to be handed to the communes to be employed on works of beneficence or education as soon as a surplus was obtained from that part of the annuity assigned for the payment of monastic pensions; and in Sicily, 209 communes entered on their privileges as soon as the patrimony was liquidated.

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