annuity

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Annuity

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

Annuity

A product offered by an insurance company or an employer to which one makes contribution(s) and immediately or later begins receiving payments, which usually last the remainder of the annuitant's life. An annuity usually refers to a retirement account into which the annuitant makes payments over his/her working life. The payments are then invested and the annuitant begins to receive the principal plus earnings after retirement. A qualifying retirement account is an annuity that allows for either contributions or withdrawals to be tax-exempt up to a certain amount. However, a wide variety of annuities exist. An annuitant may make a one-time contribution or monthly contributions over a period of time. Likewise, one may begin to receive payments immediately or defer them to a later date such as retirement. One may elect to make fixed or variable contributions as well as to receive fixed or variable payments. See also: 401(k), IRA.

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, variable annuity.

Annuity.

Originally, an annuity simply meant an annual payment. That's why the retirement income you receive from a defined benefit plan each year, usually in monthly installments, is called a pension annuity.

But an annuity is also an insurance company product that's designed to allow you to accumulate tax-deferred assets that can be converted to a source of lifetime annual income.

When a deferred annuity is offered as part of a qualified plan, such as a traditional 401(k), 403(b), or tax-deferred annuity (TDA), you can contribute up to the annual limit and typically begin to take income from the annuity when you retire.

You can also buy a nonqualified deferred annuity contract on your own. With nonqualified annuities, there are no federal limits on annual contributions and no required withdrawals, though you may begin receiving income without penalty when you turn 59 1/2.

An immediate annuity, in contrast, is one you purchase with a lump sum when you are ready to begin receiving income, usually when you retire. The payouts begin right away and the annuity company promises the income will last your lifetime.

With all types of annuities, the guarantee of lifetime annuity income depends on the claims-paying ability of the company that sells the annuity contract.

annuity

a series of equal payments at fixed intervals deriving from an original lumpsum INVESTMENT.

annuity

a series of equal payments at fixed intervals from an original lump sum INVESTMENT. Where an annuity has a fixed time span, it is termed an annuity certain, and the periodic receipts comprise both a phased repayment of principal (the original lump sum payment) and interest, such that at the end of the fixed term there is a zero balance on the account. An annuity in perpetuity does not have a fixed time span but continues indefinitely and receipts can therefore come only from interest earned. Annuities can be obtained from pension funds or life insurance schemes.

annuity

A sum of money received on a regular basis as one of a series of fixed payments. Real property is sometimes sold in exchange for a private annuity.The buyer guarantees a fixed monthly income to the seller for the seller's lifetime.The seller, of course, is gambling he or she will live much longer than anyone could expect,and thus ultimately receive far more than the property was worth. The buyer is gambling that the seller will die sooner as opposed to later, and the buyer will have a windfall.Wise sellers will include a clause guaranteeing a minimum term for payments,even if they must be made to their estate or heirs.See advance payment annuity and ordinary annuity.

Annuity

An amount payable to a person at specified intervals for a specific period of time or for life. The amouont may be fixed or variable. Payments represent a partial return of capital and a return on the capital investment.
References in periodicals archive ?
L'auteur analyse, pour soutenir son point de vue, les considerations techniques specifiques a l'operation de rente pour montrer en quoi cette operation differe du contrat de rente en tant que tel.
Les experts affirment que sortir de dependance de la rente petroliere n'est plus un souhait mais un choix qui s'impose- En effet, nous vivons aujourd'hui une periode d'incertitudes.
Chabat a notamment critique "l'arret du dialogue social, l'augmentation des prix du carburant et le refus oppose aux revendications des diplomes chomeurs", appelant a de reelles reformes axees sur la bonne gouvernance, la lutte contre l'economie de rente et la corruption et l'encouragement des investissements.
Indubitablement il semble decide a mettre un terme a toutes les formes de rente qui sevissaient dans la Metropole et ternissaient son image.
Le ministre du Commerce reconnait que le pays ne peut dependre indefiniment de la rente petroliere.
Les defiles du 1er Mai a Marrakech ont ete domines par une forte presence des associations des proprietaires et chauffeurs d'autocars et des chauffeurs de taxis avec comme principales revendications la reforme du Code de la route, la lutte contre l'economie de rente et le rejet du projet d'imposer la TVA et l'impot sur le revenu lors de la reforme de la fiscalite.
Dans le meme ordre d'idees, les professionnels de la peche cotiere crient tres fort leur revolte, car ils considerent que la politique de la rente fait des degats au sein du secteur, surtout que les licences infestent le large sans que l'on ne prete aucune attention aux incidences facheuses sur la protection de la ressource halieutique et le principe de l'egalite des chances.
Pour lui, l'entreprise, c'est la porte de salut de l'Algerie qui devrait fermer progressivement son robinet de [beaucoup moins que] rente [beaucoup plus grand que] pour mettre fin surtout au rythme vertigineux des importations.
Dans une allocution, le secretaire general de l'ODT, Ali Lotfi a reclame une veritable revision du systeme financier et bancaire national, une reforme globale du systeme fiscal a travers l'annulation de toutes les exonerations non justifiees, la lutte contre l'evasion fiscale et l'economie de rente, l'instauration d'une taxe sur la fortune et la refonte de la caisse de compensation.
beaucoup moins que] Pour cela, il faut construire une economie productrice solide et creatrice de richesse de maniere a mettre a l'abri les citoyens car la rente petroliere s'avere trompeuse et ne peut pas assurer la perennite de la stabilite [beaucoup plus grand que], estime-t-il.
Il a souligne, dans ce contexte, l'imperatif de se liberer, de maniere definitive, de la dependance a la rente petroliere, ajoutant que l'Algerie [beaucoup moins que] a decide de miser, pour les prochaines annees, sur des secteurs cles tels que l'agriculture, le tourisme et l'energie [beaucoup plus grand que].
Certes, le mode de gestion au Sahara a connu des dysfonctionnements qui en ont fait au fil des ans un terrain propice a l'economie de rente et des privileges indus.