fixed annuity
21Annuity — See also: Pension Annuity may refer to: Annuity (finance theory): any terminating stream of fixed payments over a specified period of time Life annuity: a financial contract providing payments for a person s lifetime Annuity (US financial… …
22Fixed Annuitization Method — One of three methods by which early retirees of any age can access their retirement funds without penalty before turning 50.5. The fixed annuitization method divides the retiree s account balance by an annuity factor taken from IRS tables to… …
23Annuity Consideration — The money that an individual pays to an insurance company in exchange for a financial instrument that provides a stream of payments for a given length of time. An annuity consideration may be made as a lump sum or a as a series of gradual… …
24Annuity Contract — The written agreement between an insurance company and a customer outlining each party s obligations in an annuity coverage agreement. This document will include the specific details of the contract, such as the structure of the annuity (variable …
25Fixed rate mortgage — A fixed rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or float. Other forms of mortgage loan include interest only… …
26Annuity Unit — An accumulation unit for which the annuitant has annuitized their contract. This is a sub account of the retiree s total accumulated annuity. These units represent a fixed share of ownership of the insurer s accounts portfolio. When an insured… …
27annuity — UK [əˈnjuːətɪ] / US [əˈnuətɪ] noun [countable] Word forms annuity : singular annuity plural annuities 1) a fixed amount of money that someone receives regularly each year 2) an amount of money that is invested in order to earn interest that is… …
28annuity — [[t]ənju͟ːɪti, AM ənu͟ːɪti[/t]] annuities N COUNT An annuity is an investment or insurance policy that pays someone a fixed sum of money each year. Syn: endowment …
29fixed premium — Payments of a fixed or equal amount paid to an insurance company for insurance or an annuity. Bloomberg Financial Dictionary …
30annuity — noun A right to receive amounts of money regularly over a certain fixed period, in perpetuity, or, especially, over the remaining life or lives of one or more beneficiaries. See Also: perpetuity …
