Assumed interest rate

(redirected from air)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.

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 Apple Tree's cut down!)
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. They rubbed their eyes, stretched themselves, and were on their feet in an instant.
During this time Jim struggled frantically, all his legs kicking the air; but on finding himself in his former position the horse said, in a relieved tone of voice:
The submarine apparatus destined for this expedition was supplied with air. The working of these engines was not without danger, for at 20,000 feet below the surface of the water, and under such great pressure, they were exposed to fracture, the consequences of which would be dreadful.
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. Circling, as he rose, to the west, he wheeled about and jockeyed and maneuvered for the real start of the race.
'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?
Alban Morris was right; the air at Netherwoods, in the summer time, was relaxing.
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:--
All we ask of the Thing is to carry us through the air.
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.