annuity

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Related to annuitizing: Single life annuity

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 ?
Annuitizing a portion of a client's IRA can help simplify that client's retirement income planning to a certain extent -- but it also presents its own set of complications that must be understood in order to properly execute such a strategy.
Annuitizing a portion of a client's IRA can help simplify that client's retirement income planning to a certain extent--but it also presents its own set of complications that must be understood in order to properly execute such a strategy.
Many participants may be concerned about annuitizing their savings, then passing away sooner than expected and giving up that money.
As an alternative strategy, Vasgaard often recommends annuitizing part or all of the $1 million, a step that can yield significantly more than $40,000 per year.
The MasterDex has a structure that says if you want to take your money out and get full value you have to annuitize and "this requirement of annuitizing if you want to get full value differentiates it from other companies that don't have such a requirement so, the alternative is you can take something less if you want it in a lump sum.
Next, the authors examine households' current annuity income--that provided by Social Security and defined benefit (DB) pension plans--and calculate the potential additional annuity income they could obtain by annuitizing their financial (non-housing) wealth.
Additionally, while annuitizing benefits at retirement can mitigate longevity risk, doing so also limits retirees' access to their assets.
For many, the word "annuity" itself is an incorrect correlation to annuitizing.
Phil Eckman, president of Transamerica Retirement Management, a new unit of Aegon USA, said riders added to variable annuities, such as the guaranteed lifetime withdrawal benefit and guaranteed minimum withdrawal benefit, are innovations the industry developed over the past few years to address the problem of people not annuitizing their contracts.