annuityəˈnu ɪ ti, əˈnyu-
annuity (n)
- plural
- annuities
English Definitions:
annuity, rente (noun)
income from capital investment paid in a series of regular payments
"his retirement fund was set up to be paid as an annuity"
annuity (Noun)
A specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment. For example, a retirement annuity paid to a public officer following his or her retirement.
annuity (Noun)
The right to receive such an income.
annuity (Noun)
The duty to make such a payment or payments.
Annuity
An annuity is a series of payments made at fixed intervals of time. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments and monthly insurance payments. Annuities are classified by the frequency of payment dates. The payments may be made weekly, monthly, quarterly, yearly, or at any other interval of time.
Annuity
In investment, an annuity is a series of payments made at equal intervals. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments. Annuities can be classified by the frequency of payment dates. The payments (deposits) may be made weekly, monthly, quarterly, yearly, or at any other regular interval of time. Annuities may be calculated by mathematical functions known as "annuity functions". An annuity which provides for payments for the remainder of a person's lifetime is a life annuity.
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"annuity." Kamus.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.kamus.net/english/annuity>.
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