fixed annuity
51joint annuity — ➔ annuity * * * joint annuity UK US noun [C] ► FINANCE a type of annuity (= a fixed amount of money paid to someone every year) in which money is paid to two people, usually a husband or wife, while both are still alive, and to one person after… …
52Deferred Payment Annuity — An annuity where the payments received will start some time in the future, as opposed to starting when the annuity is initiated. An annuity is a financial contract that allows the buyer to make a lump sum payment, or a series of payments, in… …
53Whole Life Annuity Due — A financial product sold by insurance companies that requires annuity payments at the beginning of each monthly, quarterly or annual period, as opposed to at the end of the period. A whole life annuity due is a type of annuity that will provide… …
54retirement annuity — UK US noun [C] INSURANCE, FINANCE ► an arrangement with an insurance company in which a fixed amount of money is paid to someone every year after they stop working: »Choosing the right retirement annuity can be as important a decision as buying a …
55Qualifying Annuity — This type of annuity is similar to any other, except that it has been approved by the IRS for use within a Qualfied Retirement Plan or IRA. Qualifying Annuties can be either fixed, indexed or variable, depending upon the investment objectives of… …
56variable annuity — noun : an annuity contract which is backed primarily by a fund of common stocks and the payments on which fluctuate with the state of the economy * * * an annuity in which the premiums are invested chiefly in common stocks or other securities,… …
57charitable remainder annuity trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. charitable remainder annuity trust …
58Single-Premium Deferred Annuity - SPDA — A type of annuity contract that is established with a single lump sum payment by the owner. The annuity then grows on a tax deferred basis until annuitization. Single Premium Deferred Annuities (SPDA) can be either fixed or variable, and… …
59variable annuity — An annuity under a contract which guarantees the annuitant that upon reaching a specified age he will receive periodic payments, the amount of which is not fixed and has no assured minimum, but will vary according to the success of the investment …
60certain annuity — One for a fixed term of years, subject to no contingency whatever • • • Main Entry: ↑annuity …
