Annuity definition

Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.
Annuity means an annuity that is an insurance product under State law that is individually solicited, whether the product is classified as an individual or group annuity.

Examples of Annuity in a sentence

  • Contribution by the Company to Provident Fund, Superannuation Fund or Annuity Fund as per the rules of the Company.

  • Compare Morgan Stanley, 2013 WL 139556, at *2-3 (extending decision below to case where misrepresentations did not concern common originators, but common entity that bundled RMBS), with Policeman’s Annuity & Benefit Fund ofChi.

  • Immediate Annuity 🢝 Guarantees a payment as long as you live (annuitization).

  • UNIT V (14 Hrs)Accounting for depreciation –Methods of depreciation - Straight line method, Diminishing balance method, Annuity method – Single entry system – Single entry system Vs. Double entry system – Satement of Affairs method – Conversion method - Total Debtors – Total Creditors – Bills Receivable – Bills Payable.

  • Deferred Annuity 🢝 Allows money to grow tax-free until withdrawal.

More Definitions of Annuity

Annuity means an agreement to make periodical payments for a period certain or
Annuity means the moneys payable per year during life by
Annuity means payments for life derived from contributions made by a contributor and paid from the annuity and pension reserve fund as provided in this chapter. All annuities shall be paid in twelve equal monthly installments.
Annuity means an agreement to make periodical payments for a period certain or over the lifetime of one or more individuals if the making or continuance of all or some of the series of the payments, or the amount of the payment, is dependent upon the continuance of human life.