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annuitant

   Also found in: Financial, Wikipedia 0.01 sec.
an·nu·i·tant  (-n-tnt, -ny-)
n.
1. One that receives or is qualified to receive an annuity.
2. An officially retired U.S. intelligence officer who is actually still on the government's payroll and is available for assignments.

annuitant [əˈnjuːɪtənt]
n
(Economics, Accounting & Finance / Banking & Finance) a person in receipt of or entitled to an annuity
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.annuitant - the recipient of an annuityannuitant - the recipient of an annuity          
recipient, receiver - a person who receives something
Translations
annuitant
n (form)Rentenempfänger(in) m(f) (einer Jahresrente)


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The action alleges that in one-on-one sales meetings with the customers after the seminars, the reps made various representations about the securities, but omitted to disclose, in the context of variable annuities, the material facts that there were early withdrawal fees, the guaranteed preservation of principal was triggered only by the death of an annuitant, and the value could fluctuate and decline until the annuitant's death.
Annuitant - could be on a person an annual allowance as well as someone receiving annual income from an investment.
The basis of the capital asset becomes the investment in the annuity, which is recovered tax-free evenly over the expected life of the annuitant.
 
 
 
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