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 ?
Smith purchases a fixed immediate annuity for $100,000 or annuitizes a fixed deferred annuity having an annuity value of that same amount, and if he elects a Life & 10 Year Certain payout arrangement, and if the annual annuity payout factor for that option, for his age and sex, is 5.
Ron annuitizes IRA "A" over his lifetime and starts to receive $9,000 a year.
As an example, he explains, a 60-year-old who annuitizes $100,000 in retirement savings, assuming a 3% interest rate, will receive $6,000 per year for the rest of his life, regardless of his lifespan, from the annuity.
The client simultaneously buys life insurance for the amount of the assets that he or she annuitizes.