Annuity
[ə'njuːɪtɪ] or [ə'nuəti]
Definition
(noun.) income from capital investment paid in a series of regular payments; 'his retirement fund was set up to be paid as an annuity'.
Typist: Naomi--From WordNet
Definition
(n.) A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance.
Edited by Fred
Definition
n. a payment generally (but not necessarily) of uniform amount falling due in each year during a given term such as a period of years or the life of an individual the capital sum not being returnable.—n. Annū′itant one who receives an annuity.—Certain annuity one for a fixed term of years subject to no contingency whatever; Contingent annuity one that depends also on the continuance of some status as the life of a person whose duration is calculated by the theory of probabilities. An annuity is usually held payable to the end of each year survived; but when in addition a proportion of the year's annuity is payable up to the day of death the annuity is said to be Complete—the ordinary annuity being sometimes for distinction referred to as a Curtate annuity. When the first payment is due in advance the annuity is known as an Annuity due; when the first payment is not to be made until the expiry of a certain number of years it is called a Deferred or Reversionary annuity.
Edited by Kitty
Examples
- Some short time after my sister Sophia's marriage she received from Lord Deerhurst, half a year of the annuity he had made her. Harriette Wilson. The Memoirs of Harriette Wilson.
- Miss Crawley had left her a little annuity. William Makepeace Thackeray. Vanity Fair.
- You never turned your annuity to so good an account. Charles Dickens. Our Mutual Friend.
- I have left an annuity for his sole support in case he should outlive me. Charles Dickens. Bleak House.
- Then the poor old gentleman revealed the whole truth to her--that his son was still paying the annuity, which his own imprudence had flung away. William Makepeace Thackeray. Vanity Fair.
- I have never seen any money in the house,' said Mrs Lammle to the skeleton, 'except my own annuity. Charles Dickens. Our Mutual Friend.
- You buy her, at the same time, a small annuity. Charles Dickens. Our Mutual Friend.
- In 1874 the Government conferred upon Pasteur a life annuity of twelv e thousand francs, an equivalent of his salary as Professor of Chemistry at the Sorb onne. Walter Libby. An Introduction to the History of Science.
- Were you to grant me an annuity of ￡20,000 a year, I would sacrifice all to the safety & independence of my Country. Rupert S. Holland. Historic Inventions.
- The calculations of various life assurance and annuity offices, among other figures which cannot go wrong, have established the fact. Charles Dickens. Hard Times.
- Never mind Worcester's annuity, for you and I will never part. Harriette Wilson. The Memoirs of Harriette Wilson.
- Georgy's house is not a very lively one since Uncle Jos's annuity has been withdrawn and the little family are almost upon famine diet. William Makepeace Thackeray. Vanity Fair.
- Rawdon made her a tolerable annuity, and we may be sure that she was a woman who could make a little money go a great way, as the saying is. William Makepeace Thackeray. Vanity Fair.
- An annuity is a very serious business; it comes over and over every year, and there is no getting rid of it. Jane Austen. Sense and Sensibility.
- The annuity I propose giving her, continued his lordship, of ?500, shall be derived from money in the funds. Harriette Wilson. The Memoirs of Harriette Wilson.
- And the bulk of your fortune would be laid out in annuities on the authors or their heirs. Jane Austen. Sense and Sensibility.
- The vingtieme seems not to have raised the rate of those annuities, though it is exactly levied upon them all. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The town was also the chief capitalist; as a seller of annuities on lives and inheritances it was a banker and enjoyed unlimited credit. H. G. Wells. The Outline of History_Being a Plain History of Life and Mankind.
- It has given me such an abhorrence of annuities, that I am sure I would not pin myself down to the payment of one for all the world. Jane Austen. Sense and Sensibility.
- During the two wars which began in 1739 and in 1755, little money was borrowed, either upon annuities for terms of years, or upon those for lives. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- Upon the same revenue, more money can always be raised by tontines than by annuities for separate lives. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- In the following year, the deficiency was made good, by borrowing upon annuities for lives, at fourteen per cent. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- In 1720, the greater part of the other annuities for terms of years, both long and short, were subscribed into the same fund. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- In France, a much greater proportion of the public debts consists in annuities for lives than in England. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
- The long annuities, at that time, amounted to ?666,821: 8:3? a-year. Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations.
Editor: Orville