annuity


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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.
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References in classic literature ?
I believe you are right, my love; it will be better that there should by no annuity in the case; whatever I may give them occasionally will be of far greater assistance than a yearly allowance, because they would only enlarge their style of living if they felt sure of a larger income, and would not be sixpence the richer for it at the end of the year.
Besides his fiction of an annuity, about which no one at the present time knew anything, the chevalier really had, therefore, a bona fide income of a thousand francs.
He had reserved from his annuity his family papers, his library, composed of five thousand volumes, and his famous breviary.
The Service issued proposed regulations (REG-141901-05, 10/18/06) on the taxation of the exchange of property for an annuity contract.
18, 2006, addressed the income tax treatment of property exchanged for an annuity contract.
I was losing money like crazy," says Swinton, a claims representative for an insurance company in Warren, New Jersey, who lost nearly $20,000 in the stock market before switching to a principal-protected variable annuity.
United States that, for estate tax purposes, the value of a stream of lottery payments due to a decedent must be based on the annuity valuation tables in IRC section 7520 without a discount for lack of marketability.
This subpart establishes consumer protections in connection with retail sales practices, solicitations, advertising, or offers of any insurance product or annuity to a consumer by:
Research Shows Retirees and Near-Retirees Can Benefit from Fixed Annuities But Most Do Not Own, Know About or Understand Fixed Annuity Products
Essentially, an annuity is a series of fixed payments, usually made monthly over a certain period of time.