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annuity
(redirected from annuitizes)

    Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson 0.06 sec.
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.

Annuity
A regular periodic payment made by an insurance company to a policyholder for a specified period of time.
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.
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? Mentioned in ? References in periodicals archive
 
The contract's guaranteed minimum income benefit protects the contract value that will be used to determine payouts if the owner annuitizes.
Money-back guarantee: variable-annuity writers have rejuvenated their ... by Panko, Ron / Best's Review
If the retiree annuitizes the lumpsum payment, it should be counted as "private pensions or annuities" in the CPS.
The role of pensions in retirement income: trends and questions by Reno, Virginia P. / Social Security Bulletin
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