contingent annuity


contingent annuity
noun
: an annuity terminable upon the happening of a future event uncertain either as to the date or the possibility of occurrence

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contingent annuity
One that depends on the continuance of some status, such as the life of a person
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Main Entry:annuity

Useful english dictionary. 2012.

Look at other dictionaries:

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

  • contingent annuity — reversionary annuity An annuity in which the payment is conditional on a specified event happening. The most common form is an annuity purchased jointly by a husband and wife that begins payment after the death of one of the parties (see joint… …   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 — /euh nooh i tee, euh nyooh /, n., pl. annuities. 1. a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient s life, in consideration of a stipulated premium paid either in prior installment… …   Universalium

  • 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 — /an(y)uwatiy/ A right to receive fixed, periodic payments, either for life or for a term of years. Moore v. O Cheskey, App., 87 N.M. 66, 529 P.2d 292, 293. A fixed sum payable to a person at specified intervals for a specific period of time or… …   Black's law dictionary

  • annuity — /an(y)uwatiy/ A right to receive fixed, periodic payments, either for life or for a term of years. Moore v. O Cheskey, App., 87 N.M. 66, 529 P.2d 292, 293. A fixed sum payable to a person at specified intervals for a specific period of time or… …   Black's law dictionary

  • 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 — an•nu•i•ty [[t]əˈnu ɪ ti, əˈnyu [/t]] n. pl. ties 1) bus a specified income payable at stated intervals for a fixed or contingent period, often for the recipient s life, as in consideration of a premium paid 2) bus the right to receive such an… …   From formal English to slang

  • annuity — /əˈnjuəti / (say uh nyoohuhtee) noun (plural annuities) 1. a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient s life, in consideration of a stipulated premium paid either in prior instalment …   Australian English dictionary