(redirected from annuitised)
Also found in: Dictionary, Thesaurus, Legal, Financial.


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.
The Columbia Electronic Encyclopedia™ Copyright © 2013, Columbia University Press. Licensed from Columbia University Press. All rights reserved.
References in periodicals archive ?
Despite this reduction in value, placing renewables where they work best has a profound effect on the amount of subsidy required; taken to be the gap between the revenue from energy sales from wind and solar (normalised per kW) and their annuitised cost.
Even after retirement at 60, one can withdraw only up to 60 per cent the corpus; the rest has be annuitised While the lock- in ensures the subscriber does not use the funds during his working life, annuity makes sure the money is paid in instalments over a long period.
Even after retirement at 60, one can withdraw only up to 60 per cent of the corpus; the rest has to be annuitised.
The policy's impact on annuity rates means that someone with a pounds 26,000 pension pot retiring today would receive 22% less income than if they had annuitised four years ago, making them pounds 440 a year worse off.