a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient’s life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment.
the right to receive such an income, or the duty to make such a payment or payments.
But that $1 million is actually an annuity, which pays out about $25,000 over 40 years—before taxes.
Reality TV Scams Andy Dehnart June 13, 2010
With the remaining $1.775 million, he can buy an annuity that yields almost $89,000 – which still beats working.
Capital Gains: Answering Krugman and Bernstein David Frum January 22, 2012
He bought an annuity in the king’s household and became one of the Gentlemen of the bed chamber.
The Loyalists of Massachusetts James H. Stark
He’s got some kind of annuity from a New York life insurance company.
By Proxy Gordon Randall Garrett
Sometimes a father leaves an annuity for the support of his daughter in her convent.
Medieval English Nunneries c. 1275 to 1535 Eileen Edna Power
She sold her annuity, or gave up her income, in some way, when we came here.
Christie Redfern’s Troubles Margaret Robertson
The worthy man, who showed such judgment in the matter of his annuity, was at fault here.
An Old Maid Honore de Balzac
She compromised for an annuity of two hundred pounds, to be continued to her child.
The Incomplete Amorist E. Nesbit
Bad corn years had driven some of the native Christians to take refuge among the annuity Indians of the Mississippi.
Mary and I Stephen Return Riggs
It is only fair to tell you that I have no money but my annuity.
A Singer from the Sea Amelia Edith Huddleston Barr
noun (pl) -ties
a fixed sum payable at specified intervals, esp annually, over a period, such as the recipient’s life, or in perpetuity, in return for a premium paid either in instalments or in a single payment
the right to receive or the duty to pay such a sum
early 15c., “a yearly allowance, grant payable in annual installments,” from Anglo-French and Old French annuité (14c.) or directly from Medieval Latin annuitatem (nominative annuitas), from Latin annus “year” (see annual (adj.)). Meaning “an investment that entitles one to equal annual payments” is from 1690s.
A sum of money payable yearly or at regular intervals.
Note: Many people’s retirement funds are set up to be paid in annuities.
(especially of laws or other established rules, usages, etc.) to make void or null; abolish; cancel; invalidate: to annul a marriage. to reduce to nothing; obliterate. to cancel (a regularly scheduled train, plane, social event, etc.) for one day or one time only. Contemporary Examples By all accounts, Rafsanjani has been the main force behind […]
having the form of a ring. (of a carpenter’s nail) having a series of concentric grooves to improve holding power. Historical Examples It will be seen that the valves v on the other side of the annular chamber are closed. Encyclopaedia Britannica, 11th Edition, Volume 3, Slice 5 Various The angle of the anterior chamber […]
- Annular clock
a clock in the form of a vase, ball, etc., having the hours painted on a ring rotating beneath a pointer.
- Annular cataract
annular cataract annular cataract n. A congenital cataract in which a central white membrane replaces the nucleus.