immediate annuity

immediate annuity immediate annuity annuity

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immediate annuity UK US noun [C]
INSURANCE, FINANCE an arrangement with an insurance company in which you pay them one large sum of money and then they immediately begin paying you regular amounts each month: »

Immediate annuities offer a secure way to shore up your retirement income.


Financial and business terms. 2012.

Look at other dictionaries:

  • immediate annuity — see annuity Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • 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

  • immediate annuity — An annuity contract that begins to make payments as soon as the contract has come into force …   Big dictionary of business and management

  • 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 ( 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 — 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 [əˈnjuːti ǁ əˈnuː ] noun annuities PLURALFORM [countable] 1. INSURANCE the… …   Financial and business terms

  • 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

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