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
Origin: [LL. annuitas, fr. L. annus year: cf. F. annuit.]
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.
Chambers 20th Century Dictionary
an-nū′i-ti, n. a payment generally (but not necessarily) of uniform amount falling due in each year during a given term, such as a period of years or the life of an individual, the capital sum not being returnable.—n. Annū′itant, one who receives an annuity.—Certain annuity, one for a fixed term of years, subject to no contingency whatever; Contingent annuity, one that depends also on the continuance of some status, as the life of a person whose duration is calculated by the theory of probabilities. An annuity is usually held payable to the end of each year survived; but when, in addition, a proportion of the year's annuity is payable up to the day of death, the annuity is said to be Complete—the ordinary annuity being sometimes, for distinction, referred to as a Curtate annuity. When the first payment is due in advance, the annuity is known as an Annuity due; when the first payment is not to be made until the expiry of a certain number of years, it is called a Deferred or Reversionary annuity.
The numerical value of Annuity in Chaldean Numerology is: 5
The numerical value of Annuity in Pythagorean Numerology is: 5
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