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 ?
If the annuity payout is to be on a variable basis, however, the amount annuitized (either a lump sum, in the case of an immediate variable annuity, or, in a deferred variable annuity, the current value of the accumulation unitsthe owner wishes to annuitize) is not converted to a fixed income stream by applying an annuity payout factor.
Once annuitized, the value of these types of annuities are excluded from the value of the IRA for purposes of calculating the RMDs for the non-annuity IRA assets.
But for nonqualified accounts, annuitization can offer an initial tax advantage over withdrawals because each annuitized payment will include a return of the annuitant's cost basis.
Yet, this is exactly what happens in the case of deferred annuity ownership when the owner dies before the annuity is annuitized.
Trends in the Share of Annuitized Income" contends that many middle- and high-income older families would experience a jump in monthly income if they annuitized their wealth.
The United States has a relatively small, although growing, market for immediate annuities and only a small percentage of deferred annuities get annuitized.
Furthermore, offering partial annuitization increases both the share of respondents who say they would annuitize and the average percentage of pension balances that is annuitized.
The annuitized insurance policy cash value plus annuitized annuity side funds can provide a guaranteed taxable income stream.
Eric Thomes, a senior vice president of sales at Allianz Life Insurance Company of North America, Minneapolis, observes that because VA account values were so hard hit by stock market declines, more policyholders than anticipated annuitized to secure the higher guaranteed income value.
That coverage allows the client's estate to replace the annuitized assets for the benefit of a surviving spouse or other heirs.
The regulations may even provide the opportunity in such cases, by managing the percentage of the trust value that is annuitized, to plan for the transfer of assets free of estate and gift taxes.
Assets held in PRAs or financial assets held outside of retirement accounts are typically not annuitized and are instead spent or saved at the owners' discretion.