Immediate Payment Annuity
This type of annuity is sometimes used when a person turns 65 (or retirement age).
Investment dictionary. Academic. 2012.
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immediate payment annuity — An annuity contract paid by a single payment and with a specified payment plan the starts immediately after the contract is purchased. Bloomberg Financial Dictionary … Financial and business terms
annuity — an·nu·ity /ə nü ə tē, nyü / n pl ities [Medieval Latin annuitas, from Latin annuus yearly] 1: an amount payable at regular intervals (as yearly or quarterly) for a certain or uncertain period 2: the grant of or the right to receive an annuity his … Law dictionary
Annuity (European financial arrangements) — An annuity can be defined as a contract which provides an income stream in return for an initial payment.Immediate annuityAn immediate annuity is an annuity for which the income stream begins at a time after the initial payment which is less than … Wikipedia
Annuity (US financial products) — In the U.S. an annuity contract is created when an individual gives a life insurance company money which may grow on a tax deferred basis and then can be distributed back to the owner in several ways. The defining characteristic of all annuity… … Wikipedia
Annuity — A regular periodic payment made by an insurance company to a policyholder for a specified period of time. The New York Times Financial Glossary * * * annuity an‧nu‧i‧ty [əˈnjuːti ǁ əˈnuː ] noun annuities PLURALFORM [countable] 1. INSURANCE the… … Financial and business terms
annuity — A regular periodic payment ( periodic payments) made by an insurance company to a policyholder for a specified period of time. Bloomberg Financial Dictionary An annuity is essentially a regular income for life and is usually purchased with your… … Financial and business terms
Annuity (finance theory) — The term annuity is used in finance theory to refer to any terminating stream of fixed payments over a specified period of time. This usage is most commonly seen in academic discussions of finance, usually in connection with the valuation of the… … Wikipedia
Annuity (financial contracts) — An annuity contract is a financial product, typically offered by a financial institution, that may accumulate value and take a current value and pay it out over a period of years. These contracts are regulated by various jurisdictions, leading to … Wikipedia
immediate annuity — noun : an annuity which is purchased with a single premium and on which the initial payment is made to the annuitant within the first year * * * an annuity bought with a single premium, with payments to the annuitant to begin at the end of one… … Useful english dictionary
immediate annuity — an annuity bought with a single premium, with payments to the annuitant to begin at the end of one payment period, as a month or a year. Cf. deferred annuity. * * * … Universalium