annuity
111deferred annuity — ➔ annuity * * * deferred annuity UK US noun [C] ► INSURANCE an annuity (= yearly payment) in which an insurance company does not begin making payments until an agreed date: »Writing deferred annuities for scheme members who are still in their… …
112retirement 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 …
113survivorship annuity — noun an annuity payable to one person in the event that someone else is unable to receive it • Syn: ↑reversionary annuity • Hypernyms: ↑annuity, ↑rente * * * noun : an annuity payable to a designated person in the event he survives an insured… …
114Terminable annuity — Terminable Ter mi*na*ble ( m[i^]n*[.a]*b l), a. [See {Terminate}.] Capable of being terminated or bounded; limitable. {Ter mi*na*ble*ness}, n. [1913 Webster] {Terminable annuity}, an annuity for a stated, definite number of years; distinguished… …
115qualified joint and survivor annuity — (QJSA) USA The form of payment applicable to benefits under a defined benefit plan or a money purchase plan that are paid to a married participant. A qualified joint and survivor annuity includes a series of monthly annuity …
116qualified preretirement survivor annuity — + qualified preretirement survivor annuity (QPSA) USA A death benefit paid to the surviving spouse of a participant in a defined benefit plan or a money purchase plan. A qualified preretirement survivor annuity is paid if a married participant… …
117Charitable Remainder Annuity Trust — A type of gift transaction in which a donor contributes assets to a charitable trust which pays an annuity designed to leave a substantial proportion of the funds to charity upon termination of the annuity. The tax consequences of this… …
118Indexed Annuity — A special class of annuities that yields returns on your contributions based on a specified equity based index. These annuities can be purchased from an insurance company, and similar to other types of annuities, the terms and conditions… …
119Lifetime Payout Annuity — A type of insurance product that pays out a portion of the underlying portfolio of assets over the life of the investor. A lifetime payout annuity can provide fixed or variable payments. In a fixed payout scheme, the investor receives a fixed… …
120Qualifying 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… …
