annuity (redirected from Annuity (disambiguation))

Annuity

A series of fixed payments paid at regular intervals over the specified period of the annuity. The fixed payments are received after a period of investments that are made into the annuity.

Notes:

An annuity is essentially a level stream of cash flows for a fixed period of time. It is most often used as a form of income during retirement.

See also: Deferred Annuity, Perpetuity, Segregated Fund, Variable Annuity

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Annuity

A regular periodic payment made by an insurance company to a policyholder for a specified period of time.

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annuity

A stream of equal payments to an individual, such as to a retiree, that occur at predetermined intervals (that is, monthly or annually). The payments may continue for a fixed period or for a contingent period, such as for the recipient's lifetime. Although annuities are most often associated with insurance companies and retirement programs, the payment of interest to a bondholder is also an example of an annuity. See also annuity certain, contingent annuity, deferred annuity, fixed annuity, joint and survivor annuity, refund annuity, straight life annuity, tax-sheltered annuity (TSA), variable annuity.