| 释义 |
annuity
an·nu·i·ty A0318400 (ə-no͞o′ĭ-tē, ə-nyo͞o′-)n. pl. an·nu·i·ties 1. a. The annual payment of an allowance or income.b. The right to receive this payment or the obligation to make this payment.2. A contract or agreement by which one receives fixed payments on an investment for a lifetime or for a specified number of years.
[Middle English annuite, from Anglo-Norman, from Medieval Latin annuitās, from Latin annuus, yearly, from annus, year; see at- in Indo-European roots.]annuity (əˈnjuːɪtɪ) n, pl -ties1. (Banking & Finance) a fixed sum payable at specified intervals, esp annually, over a period, such as the recipient's life, or in perpetuity, in return for a premium paid either in instalments or in a single payment2. (Banking & Finance) the right to receive or the duty to pay such a sum[C15: from French annuité, from Medieval Latin annuitās, from Latin annuus annual]an•nu•i•ty (əˈnu ɪ ti, əˈnyu-)
n., pl. -ties. 1. a specified income payable at stated intervals for a fixed or contingent period, often for the recipient's life, as in consideration of a premium paid. 2. the right to receive such an income. 3. the duty to make such a payment or payments. [1400–50; late Middle English < Anglo-French annuité, annualté < Medieval Latin annuitās] annuityan investment that bears a fixed return yearly, for a fixed period or for the life of the recipient.See also: FinanceThesaurus| Noun | 1. |  annuity - income from capital investment paid in a series of regular payments; "his retirement fund was set up to be paid as an annuity"renteregular payment - a payment made at regular timesannuity in advance - an annuity paid in a series of more or less equal payments at the beginning of equally spaced periods; "rent payable in advance constitutes an annuity in advance for the landlord"ordinary annuity - an annuity paid in a series of more or less equal payments at the end of equally spaced periodsreversionary annuity, survivorship annuity - an annuity payable to one person in the event that someone else is unable to receive ittontine - an annuity scheme wherein participants share certain benefits and on the death of any participant his benefits are redistributed among the remaining participants; can run for a fixed period of time or until the death of all but one participant |
Translationsannuity
annuity: see insuranceinsurance
or assurance,
device for indemnifying or guaranteeing an individual against loss. Reimbursement is made from a fund to which many individuals exposed to the same risk have contributed certain specified amounts, called premiums.
..... Click the link for more information. .MedicalSeeinsuranceannuity
Related to annuity: present value of annuity, Annuity due, Annuity TableAnnuityA right to receive periodic payments, usually fixed in size, for life or a term of years that is created by a contract or other legal document.The most common form of an annuity is akin to a savings account. The annuitant, the person who creates an annuity for his or her own benefit, deposits a sum of money, the principal, with an individual, business, or insurance company to be invested so that the principal will earn income at a certain percentage, usually specified by the terms of the annuity. This income is used by the company to pay the annuitant. Each payment received by the annuitant, sometimes called the primary beneficiary, represents a partial return of the principal and a portion of the income generated by its investment. Such annuities are employed frequently to provide a source of income to persons upon their retirement. A group annuity contract supplies periodic payments to a retired individual member of a group of employees covered by their employer's master contract. A retirement annuity is a policy paid to the annuitant after retirement. If the annuitant dies prior to the expiration of the annuity or wants to surrender the policy, an amount specified in the terms of the annuity is returned to the annuitant's estate or designated beneficiary. Classification Annuities are classified according to the nature of the payment and the duration of time for payment. A fixed annuity requires payment in a specified amount to be made for the term of the annuity regardless of economic changes due to inflation or the fluctuation of the ventures in which the principal is invested. A variable annuity provides for payments that fluctuate in size contingent upon the success of the investment of the principal. Such variation offsets the effect of inflation upon the annuitant. If, however, the investment has fared poorly, the size of the payments decreases. A straight annuity is a contract by an insurance company to make variable payments at monthly or yearly intervals. A life or straight life annuity is payable to an annuitant only during the annuitant's lifetime and ceases upon his or her death. The size of the periodic payment is usually fixed based upon actuarial charts that project the expected life span of a person based upon age and physical condition. This type of annuity often contains provisions that promise payment to be made to a secondary beneficiary, named by the annuitant to receive benefits in case of the annuitant's death, or to the annuitant's heirs for a period of time even if the annuitant has died before the expiration of the designated period. A deferred annuity is one in which payments start at a stipulated future date only if the annuitant is alive at that time. Payment of the Income Tax due on the income generated is delayed until payments start. A deferred annuity is used primarily by a person who does not want to receive payments until he or she is in a lower tax bracket, such as upon retirement. A refund annuity, sometimes called a cash refund annuity, is a policy that promises to pay a set amount annually during the annuitant's life. In case the annuitant dies before receiving payments for the full amount of the annuity, his or her estate will receive a sum that is the difference between the purchase price and the sum paid during the annuitant's lifetime. A joint annuity is one that is payable to two named persons but upon the death of one, the annuity terminates. A joint and survivorship annuity is a policy payable to the named annuitants during their lives and continues for the benefit of the surviving annuitant upon the death of the other. Tax Aspects When an annuity is paid to an annuitant, he or she receives a portion of the principal and part of the return it has earned. For federal and state income tax purposes, only the amount attributable to the income generated by the principal, not the principal itself, is considered taxable income. The Internal Revenue Code provides an exclusion ratio to determine the amount of taxable income paid to the annuitant. Special tax rules apply to annuities that are qualified employee retirement plans. The annuity payments made to the estate of a decedent might be subject to estate and gift tax as an asset of the decedent's gross estate. Federal and state laws governing estate tax must be consulted to determine the liability for such taxes. Cross-references Pension. annuityn. 1) an annual sum paid from a policy or gift. 2) short for a purchased annuity policy which will pay dividends to the owner regularly for years or for life. annuity an entitlement to a specified sum of money that lasts for the duration of the life of the beneficiary or annuitant. Annuities may be created under a trust or they may be purchased from a life insurance company (in which case no trust is needed).ANNUITY, contracts. An annuity is a, yearly sum of money granted by one partyto another in fee for life or years, charging the person of the grantoronly. Co. Litt. 144; 1 Lilly's Reg. 89; 2 Bl. Com. 40; 5 M. R. 312; Lumleyon Annuities. 1; 2 Inst. 293; Davies' Rep. 14, 15.
2. In a less technical sense, however, when the money is chargeable onland and on the person, it is generally called an annuity. Doet. and StudDial. 2, 230; Roll. Ab. 226. See 10 Watts, 127.
3. An annuity is different from a rent charge, with which it isfrequently confounded, in this; a rent charge is a burden imposed upon andissuing out of lands, whereas an annuity is chargeable only upon the personof the grantee. Bac. Abr. Annuity, A. See, for many, regulations in Englandrelating to annuities, the Stat,. 17 Geo. III. c. 26.
3. An annuity may be created by contract, or by will. To enforce thepayment of an annuity, the common law gives a writ of annuity which may bebrought by the grantee or his heirs, or their grantees, against the grantorand his heirs. The action of debt cannot be maintained at the common law, orby the Stat. of 8 Anne, c. 14, for the arrears of an annuity devised to A,payable out of lands during the life of B, to whom the lands are devised forlife, B paying the annuity out of it, so long as the freehold estatescontinues. 4 M. & S. 113; 3 Brod. & Bing. 30; 6 Moore, 336. It has beenruled also, that if an action of annuity be brought, and the annuitydetermines pending the suit, the writ faileth forever because no such actionis maintainable for arrearages only, but for the annuity and the arrearages.Co. Litt. 285, a.
4. The first payment of an annuity is to be made at the time appointedin the instrument creating it. In cases where testator directs the annuityto be paid at the end of the first quarter, or other period before theexpiration of the first year after his death, it is then due; but in fact itis not payable by the executor till the end of the year. 3 Mad. Ch. R. 167.When the time is not appointed, as frequently happens in will, the followingdistinction is presumed to exist. If the bequest be merely in the form of anannuity as a gift to a man of "an annuity of one hundred dollars for life"the first payment will be due at the end of the year after the testator'sdeath. But if the disposition be of a sum of money, and the interest to begiven as an annuity to the same man for life, the first payment will notaccrue before the expiration of the second year after the testator's death.This distinction, though stated from the bench, does not appear to have beensanctioned by express decision. 7 Ves. 96, 97.
5. The Civil Code of Louisiana makes the following provisions inrelation to annuities, namely: The contract of annuity is that by which oneparty delivers to another a sum of money, and agrees not to reclaim it, solong as the receiver pays the rent agreed upon. Art. 2764.
6. This annuity may be perpetual or for life. Art. 2765.
7. The amount of the annuity for life can in no case exceed the doubleof the conventional interest. The amount of the perpetual annuity cannotexceed the double of the conventional interest. Art. 2766.
8. Constituted annuity is essentially redeemable. Art. 2767.
9. The debtor of a constituted annuity may be compelled to redeem thesame: 1, If he ceases fulfilling his obligations during three years: 2, Ifhe does not give the lender the securities promised by the contract. Art.2768.
10. If the debtor should fail, or be in a state of insolvency, thecapital of the constituted annuity becomes exigible, but only up to theamount at which it is rated, according to the order of contribution amongstthe creditors. Art. 2769.
11. A similar rule to that contained in the last article has beenadopted in England. See stat. 6 Geo. IV., c. 16, s. 54 and 108; note to Exparte James, 5 Ves. 708; l Sup. to Ves. Jr. 431; note to Franks v. Cooper, 4Ves. 763; 1 Supp. to Ves. Jr. 308. The debtor, continues the Code, may becompelled by his security to redeem the annuity within the time which hasbeen fixed in the contract, if any time has been fixed, or after ten years,if no mention be made of the time in the act. Art. 2770.
12. The interest of the sums lent, and the arrears of constituted andlife annuity, cannot bear interest but from the day a judicial demand of thesame has been made by the creditor, and when the interest is due for atleast one whole year. The parties may only agree, that the same shall not beredeemed prior to a time which cannot exceed ten years, or without havingwarned the creditor a time before, which they shall limit. Art. 2771. Seegenerally, Vin. Abr. Annuity; Bac. Abr. Annuity and Rent; Com. Dig. Annuity;8 Com. Dig. 909; Doct. Plac. 84; 1 Rop. on Leg. 588; Diet. de Jurisp. auxmots Rentes viageres, Tontine. 1 Harr. Dig. h.t. annuity
AnnuityA regular periodic payment made by an insurance company to a policyholder for a specified period of time.AnnuityA 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.annuityA 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. AnnuityAn 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.annuity
Related to annuity: present value of annuity, Annuity due, Annuity TableSynonyms for annuitynoun income from capital investment paid in a series of regular paymentsSynonymsRelated Words- regular payment
- annuity in advance
- ordinary annuity
- reversionary annuity
- survivorship annuity
- tontine
|