from The American Heritage® Dictionary of the English Language, 4th Edition
- n. The annual payment of an allowance or income.
- n. The right to receive this payment or the obligation to make this payment.
- n. A contract or agreement by which one receives fixed payments on an investment for a lifetime or for a specified number of years.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A specified income payable at stated intervals for a fixed or a contingent period, often for the recipient’s life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment. For example, a retirement annuity paid to a public officer following his or her retirement.
- n. The right to receive such an income.
- n. The duty to make such a payment or payments.
from the GNU version of the Collaborative International Dictionary of English
- n. A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance.
from The Century Dictionary and Cyclopedia
- n. A periodical payment of money, amounting to a fixed sum in each year, the moneys paid being either a gift or in consideration of a gross sum received.
- n. The ligament which attaches the stapes to the rim of the fenestra ovalis.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. income from capital investment paid in a series of regular payments
WASHINGTON Reuters - Not too long ago, if you mentioned the word "annuity" to investors, their eyes glazed over.
If an older person would drop $5K on something frivilous when they can't afford to just because they convince themselves they can afford to do it and really need it ... an annuity is a hell of a lot better situation than having the money easily available.
I mean, yeah, if people die unexpectedly early then life insurance that pays an annuity is cheaper (for the insurer) than life insurance that pays a fixed benefit.
A variable annuity is like a nondeductible IRA without the $2,000 (then) contribution limit -- tax deferral allows pre-tax compounding of investment earnings which is finally taxed at ordinary rates when cashed out.
Government-backed incentives, mandatory use of locally manufactured equipment and solar purchase obligations for utility companies have helped the Indian solar sector emerge as a safe bet as investors are assured of long-term annuity returns, said Yogesh Mathur , chief financial officer at Moser Baer Group.
The problem with an annuity is that it creates taxable income.
Then, with the rest of your money, you could either buy a short-term annuity or make a short-term loan to one of your children, using the payments you get back to cover as much of your care costs as possible.
Without property to provide an incentive to conserve individual shares of the Truffula population to create a long-term annuity, or government or other powerful force to impose conservation by force, what would you expect?
Though state guaranty associations cover immediate annuities, typically to $100,000, an annuity from a failed issuer is a problem most people would rather avoid.
In its most basic form, an immediate annuity is a contract between you and an insurance company.