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 ?
These annuities can also be used to produce an income stream if the owner elects to annuitize.
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.
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
In this short space, I'll try to convey how Otar determines who will need annuities and, if they do, how much money they should annuitize.
A bequest motive may also play a role, although it would not explain why households do not annuitize the part of their wealth they wished to consume.
The Settlement offers Class Members a new option in connection with their annuity contracts, namely, the right to immediately annuitize funds, with a 2.
The insurance company winning the bid to annuitize a cohort's PSS account balances would provide each PSS participant an inflation-protected pension in proportion to his or her account balance, where the factor of proportionality would be the same for all participants; that is, all participants would become annuitized on identical terms, so there would be no "cherry-picking" by the insurance industry.
Now suppose that actuarially fair annuity contracts are available and a worker places all of her savings in an annuity The real return to her savings in this case is (1+r)/p (when all savers annuitize their saving),(8) and the worker will have (1+r)[Tau]w/p to fund her retirement.
The minimum "bullet-proof" asset transfer is the amount a financially sound insurance company would charge to annuitize the spinoff benefits, because an annuity purchase would be necessary if the plan were to terminate.
pensioners to annuitize DC balances, a development that's unlikely to occur in the United States.