Definitions for Annuityəˈnu ɪ ti, əˈnyu-
This page provides all possible meanings and translations of the word Annuity
Random House Webster's College Dictionary
an•nu•i•tyəˈnu ɪ ti, əˈnyu-(n.)(pl.)-ties.
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.
the right to receive such an income.
the duty to make such a payment or payments.
Origin of annuity:
1400–50; late ME < AF annuité, annualté < ML annuitās
income from capital investment paid in a series of regular payments
"his retirement fund was set up to be paid as an annuity"
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.
The right to receive such an income.
The duty to make such a payment or payments.
Origin: From annuité, from annuitās, from annuus.
a sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance
An annuity is a series of payments made at fixed intervals of time. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments and monthly insurance payments. Annuities are classified by the frequency of payment dates. The payments may be made weekly, monthly, quarterly, yearly, or at any other interval of time.
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