annuity definition

  • noun:
    • The annual repayment of an allowance or earnings.
    • The right to receive this payment or perhaps the obligation to help make this repayment.
    • A contract or contract wherein one obtains fixed payments on a good investment for life or for a specified period of time.
    • A specified earnings payable at reported intervals for a set or a contingent period, frequently for recipient’s life, in consideration of a stipulated premium compensated either in prior installment payments or in one repayment. For example, a retirement annuity paid to a public officer following his / her retirement.
    • the ability to obtain such an income.
    • the work to make these types of a payment or repayments.
    • A sum of income, payable yearly, to continue for confirmed number of years, forever, or forever; an annual allowance.
    • A periodical payment of income, amounting to a set sum in each year, the moneys paid becoming often something special or perhaps in consideration of a gross sum got.
    • The ligament which attaches the stapes to the rim associated with the fenestra ovalis.
    • income from money investment paid-in a series of regular payments

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