Assumed interest rate

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Assumed interest rate

Rate of interest used by an insurance company to calculate the payout on an annuity contract.

Assumed Interest Rate

In annuities, a component of how monthly payments to the annuitant are determined. It is the minimum interest rate that the annuity may accrue while the annuitant makes payments on it; the annuity may perform better than the assumed interest rate depending on how it is invested, but the assumed interest rate serves as a bottom for how much the annuitant will receive when he/she begins to draw payments.
References in classic literature ?
As Adam was a-working outside of Eden-Wall, He used the Earth, he used the Seas, he used the Air and all; And out of black disaster He arose to be the master Of Earth and Water, Air and Fire, But never reached his heart's desire
The balloon was by this time tugging hard at the rope that held it to the ground, for the air within it was hot, and this made it so much lighter in weight than the air without that it pulled hard to rise into the sky.
I was making my observations, when Ned and Conseil awoke almost at the same time, under the influence of this reviving air.
He reached the edge of the tall roof, stepped one foot out into the air, and walked into space as calmly as if he were on firm ground.
The submarine apparatus destined for this expedition was supplied with air.
The outer envelope might then be cast off as a useless encumbrance; and the second balloon, left free to itself, would not offer the same hold to the currents of air as a half-inflated one must needs present.
He started the engine, and with a wild burr of gas explosions the beautiful fabric darted down the launching ways and lifted into the air.
Did I not see her caught up into the air, in spite of cries which would have softened the heart of any one but the barbarian who has robbed me of her?
In evening's limpid air, What time the moon's sickle, Green, 'twixt the purple-glowings, And jealous, steal'th forth: --Of day the foe, With every step in secret, The rosy garland-hammocks Downsickling, till they've sunken Down nightwards, faded, downsunken:--
For if it flies through the air it will not be unlike a bird, and I've noticed that all birds have tails, which they use for a rudder while flying.
When he had got me into a seat, I fought and panted so terribly for air that even with his obtuseness he knew I was in a bad way.
It was then they heard for the first time of the real scale of the Dornhof aeronautic park and the possibility of an attack coming upon them not only by sea, but by the air.