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annuity |
Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
annuity [əˈnjuːɪtɪ] n pl -ties 1. (Economics, Accounting & Finance / 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. (Economics, Accounting & Finance / Banking & Finance) the right to receive or the duty to pay such a sum [from French annuité, from Medieval Latin annuitās, from Latin annuus annual] annuity an investment that bears a fixed return yearly, for a fixed period or for the life of the recipient. See also: Finance
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Translations annuity |
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| The decision on whether to annuitise comes at a traumatic time as a person iscontemplating retirement. All trustees who believe their scheme qualifies for one of the exemptions are being asked to submit a Notification of Exemption form to FAS by 15 November 2007 at the latest, even if the trustees subsequently decide not to annuitise at a later date. All trustees who believe their scheme qualifies for one of the exemptions are being asked to submit a Notification of Exemption form to FAS by 15 November 2007 at the latest, even if the trustees subsequently decide not to annuitise at a later date. |
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