annuity

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an·nu·i·ty

 (ə-no͞o′ĭ-tē, ə-nyo͞o′-)
n. pl. an·nu·i·ties
1.
a. The annual payment of an allowance or income.
b. The right to receive this payment or the obligation to make this payment.
2. A contract or agreement by which one receives fixed payments on an investment for a lifetime or for a specified number of years.

[Middle English annuite, from Anglo-Norman, from Medieval Latin annuitās, from Latin annuus, yearly, from annus, year; see at- in Indo-European roots.]

annuity

(əˈnjuːɪtɪ)
n, pl -ties
1. (Banking & Finance) a fixed sum payable at specified intervals, esp annually, over a period, such as the recipient's life, or in perpetuity, in return for a premium paid either in instalments or in a single payment
2. (Banking & Finance) the right to receive or the duty to pay such a sum
[C15: from French annuité, from Medieval Latin annuitās, from Latin annuus annual]

an•nu•i•ty

(əˈnu ɪ ti, əˈnyu-)

n., pl. -ties.
1. a specified income payable at stated intervals for a fixed or contingent period, often for the recipient's life, as in consideration of a premium paid.
2. the right to receive such an income.
3. the duty to make such a payment or payments.
[1400–50; late Middle English < Anglo-French annuité, annualté < Medieval Latin annuitās]

annuity

an investment that bears a fixed return yearly, for a fixed period or for the life of the recipient.
See also: Finance
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.annuity - income from capital investment paid in a series of regular paymentsannuity - income from capital investment paid in a series of regular payments; "his retirement fund was set up to be paid as an annuity"
regular payment - a payment made at regular times
annuity in advance - an annuity paid in a series of more or less equal payments at the beginning of equally spaced periods; "rent payable in advance constitutes an annuity in advance for the landlord"
ordinary annuity - an annuity paid in a series of more or less equal payments at the end of equally spaced periods
reversionary annuity, survivorship annuity - an annuity payable to one person in the event that someone else is unable to receive it
tontine - an annuity scheme wherein participants share certain benefits and on the death of any participant his benefits are redistributed among the remaining participants; can run for a fixed period of time or until the death of all but one participant
Translations
Ruhegeld
anuitet
lijfrenteverzekering

annuity

[əˈnjuːɪtɪ] Nrenta f vitalicia

annuity

[əˈnjuːɪti] nrente f annuity payment, life annuityannuity payment npaiement m de rentes

annuity

n(Leib)rente f; to buy an annuityeine Rentenversicherung abschließen

annuity

[əˈnjuːɪtɪ] nannualità f inv, rendita annuale (also life annuity) → vitalizio
pension annuity (policy) → polizza di pensione integrativa
References in periodicals archive ?
Similarly, if he elects to annuitize a variable deferred annuity on a fixed annuity payout arrangement, and if the total value of theaccumulation unitsin his contract, at the time of annuitization, is $100,000, he will receive that same income, assuming the same annuity payout factor.
With this annuity product, customers may opt to receive a guaranteed, predictable income stream for life without having to annuitize their policy.
Economists call this the annuity puzzle and advisors cite multiple reasons for clients' reluctance to annuitize including, among others: exposure to inflation; risk of premature death and payments ending before recouping principal; and loss of control.
These annuities can also be used to produce an income stream if the owner elects to annuitize.
However, "Do Retired Americans Annuitize Too Little?
policy that has been in place since 1956 has required holders of defined contribution (DC) pension plans to annuitize their savings by age 75 in an attempt to prevent retirees from outliving their savings.
Upon retirement, the most likely offer will be to either completely annuitize or not.
Walsh says many participants annuitize only enough assets to pay for their core living expenses, and they let the rest of their savings continue to accumulate.
households annuitize their private pension balances at retirement or purchase annuities with other assets.
On the VA side, you don't have as many options with income riders, as you typically have to annuitize to get the benefit," says Hank Parrott, a principal of Estate & Financial Strategies, Inc.
For those practitioners who universally annuitize the entire value of the property transferred to the trust, this convergence of benefits might warrant a closer consideration of the role that "less than fully annuitized" trusts play in the practitioner tool-box.
1: Annuitize a portion using a joint lifetime option, and invest the rest at 4 percent