annuity

Definitions

  • WordNet 3.6
    • n annuity income from capital investment paid in a series of regular payments "his retirement fund was set up to be paid as an annuity"
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Webster's Revised Unabridged Dictionary
    • n Annuity A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance.
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Century Dictionary and Cyclopedia
    • n annuity A periodical payment of money, amounting to a fixed sum in each year, the moneys paid being either a gift or in consideration of a gross sum received. When the payment is continued for a certain period, as 10, 20, or 100 years, it is called a certain annuity; when it continues for an uncertain period, a contingent annuity; when the period is determined by the duration of one or more lives, a life annuity. A deferred or reversionary annuity is one that does not begin till after a certain period or number of years, or till the decease of a person, or some other future event. An annuity in possession is one which has already begun. Governments often raise money upon annuities; that is, for a certain sum advanced, the government contracts to pay a specific sum for life, or for a term of years.
    • n annuity The ligament which attaches the stapes to the rim of the fenestra ovalis.
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Chambers's Twentieth Century Dictionary
    • n Annuity an-nū′i-ti a payment generally (but not necessarily) of uniform amount falling due in each year during a given term, such as a period of years or the life of an individual, the capital sum not being returnable
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Quotations

  • Voltaire
    Voltaire
    “I advise you to go on living solely to enrage those who are paying your annuities. It is the only pleasure I have left.”

Etymology

Webster's Revised Unabridged Dictionary
LL. annuitas, fr. L. annus, year: cf. F. annuité,

Usage

In literature:

WESTERN LIFE ASSURANCE AND ANNUITY SOCIETY.
"Notes and Queries, Number 201, September 3, 1853" by Various
Will you have your next annuity paid in money or in goods?
"Diary in America, Series Two" by Frederick Marryat (AKA Captain Marryat)
I can sell my life now to an annuity-office for twenty years' purchase or more, and they will share a dividend upon it.
"Olla Podrida" by Frederick Marryat (AKA Captain Marryat)
A lady at San Jose, California, gave $200 in 1909, for an annuity bond to cover tract No.
"The Choctaw Freedmen" by Robert Elliott Flickinger
The loans were to be paid back in annuities as long as both men lived.
"Little Journeys to the Homes of the Great Philosophers, Volume 8" by Elbert Hubbard
The keeper recovered his character; and, as a recompense for his sufferings and intrepidity, had an annuity settled on him for life.
"A Hundred Anecdotes of Animals" by Percy J. Billinghurst
He's got some kind of annuity from a New York life insurance company.
"By Proxy" by Gordon Randall Garrett
Money was short; John and his mother had spent all last year's annuity.
"The International Monthly, Volume 2, No. 4, March, 1851" by Various
In 1325 John Nichol, of Kenfig, gave his property to the abbey in return for a life annuity.
"Mediæval Wales" by A. G. Little
The annuity was often in arrear.
"Sir Walter Ralegh" by William Stebbing
The Canadian Government has an advantageous system of annuities which offers young investors an excellent return for them money.
"The Canadian Girl at Work" by Marjory MacMurchy
As soon as this was known, the surgeon offered the good man a home and an annuity.
"Blackwood's Edinburgh Magazine - Volume 55, No. 343, May 1844" by Various
Pitt therefore paid, including the provision for long annuity, at the rate of L6 7s.
"The Political History of England - Vol. X." by William Hunt
His credit, like an annuity in your day, ceases on his death, with the allowance of a fixed sum for funeral expenses.
"Looking Backward" by Edward Bellamy
For this work he received a gold medal and an annuity for life.
"A History of Art for Beginners and Students" by Clara Erskine Clement
On the receipt of this note a large council was held, at which nearly all the annuity Indians were present.
"The History of Minnesota and Tales of the Frontier" by Charles E. Flandrau
Annuities perpetual, left the priests to perform the sacred duties to the dead, 121.
"Scarabs" by Isaac Myer
Miss Branwell had saved out of her annuity of L50 a year.
"Emily Brontë" by A. Mary F. (Agnes Mary Frances) Robinson
They live upon some small annuity.
"The Life of Charles Dickens, Vol. I-III, Complete" by John Forster
WESTERN LIFE ASSURANCE AND ANNUITY SOCIETY.
"Notes and Queries, Number 213, November 26, 1853" by Various
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In news:

With fixed annuities , the costs can be hard to figure out because they're built into the interest rate the insurance company pays you.
A nascent secondary market for annuities is emerging, giving investors the opportunity to sell what was once unsalable or cash in their policies for more than the insurer would give them.
Wentworth, one of a handful of firms that buy annuities from individuals.
Investors love a tax deferral, which accounts for the huge popularity of variable annuities .
Because of their high costs, annuities may return less after-tax than you'd get from a comparable mutual fund.
On the surface, annuities sound like an easy choice.
Annuities are for long-term investors.
Variable annuities are also known as "self-directed annuities " because the DC would have the right to instruct the appropriate representative as to which mutual fund portfolio the money should be placed.
Positioning Indexed Annuities as Part of a Balanced Portfolio.
0Investors of all ages could benefit from having a guaranteed stream of income for life, yet the study found that only 17 percent of those surveyed have an annuity.
425 million for the annuity, $278.3 million for the cash.
This Fixed Annuity is Designed With The Client In Mind.
These plans combine an annuity and a retirement income fund within a single plan.
First, you choose how much money you'll use to buy an annuity.
Despite their clients' interest in guaranteed income, many advisers still hesitate to recommend annuities.
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In science:

In the article we consider accumulated values of annuities-certain with yearly payments with independent random interest rates.
Annuities under random rates of interest - revisited
We focus on annuities with payments varying in arithmetic and geometric progression which are important basic varying annuities (see Kellison, 1991).
Annuities under random rates of interest - revisited
We derive, via recursive relationships, mean and variance formulae of the final values of the annuities.
Annuities under random rates of interest - revisited
An annuity is defined as a sequence of payments of a limited duration which we denote by n (see, e.g.
Annuities under random rates of interest - revisited
The accumulated or final values of annuities are of our interest.
Annuities under random rates of interest - revisited
Since these important basic varying annuities can be reduced to the cases considered by Zaks (2001), as a by-product we discover several mistakes in main results of Zaks (2001).
Annuities under random rates of interest - revisited
Standard decreasing annuities are similar to increasing ones, but the payments are made in the reverse order.
Annuities under random rates of interest - revisited
The sum of a standard increasing annuity and its corresponding standard decreasing annuity is of course a constant annuity.
Annuities under random rates of interest - revisited
Now let us consider the accumulated value of an annuity-due with payments varying in arithmetic progression (see, e.g.
Annuities under random rates of interest - revisited
Let us finally consider the accumulated value of an annuity-due with k annual payments varying in geometric progression.
Annuities under random rates of interest - revisited
We know, from Example 2.1, that it is the case of an annuity-due with k annual payments of 1.
Annuities under random rates of interest - revisited
Analysis of the bond price dynamics shows that the bond volatility is determined by prices of certain weighted perpetual annuities.
Information of Interest
In the case of a linear information model φ(x) = x, we can, in fact, assign a more direct financial interpretation to the meaning of the bond volatility, by virtue of an observation made in Brody & Hughston (2001) that the expectation E[X ] of the random variable X is the initial price of the perpetual annuity.
Information of Interest
In the present framework, { ˆΦtt } for φ(x) = x represents the shifted price process of the annuity.
Information of Interest
Hence the bond volatility, when φ(x) = x, is given by the difference between the forward and current prices of the perpetual annuity plus the time gap T − t.
Information of Interest
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