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annuity |
Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.07 sec. |
annuity Noun pl -ties a fixed sum payable at specified intervals over a period [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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| Elam observed that people are increasingly turning to annuities for income, and much of that is going on without having to annuitize. 55% * Be based on the higher of actual account values at the date the policy owner elects to annuitize or a contractually specified amount. The premium pension system allows Swedes to keep their funds in their PPM-sponsored portfolios rather than annuitize upon retirement. |
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