retirement 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 … Financial and business terms
Retirement annuity plan — A Retirement Annuity Plan (RAP) is a UK pension plan designed to build a lump sum for retirement. Part of the lump sum must be used to buy an annuity and part can be taken a tax free lump sum. The plans were introduced under section 226 of the… … Wikipedia
retirement annuity — noun : accumulation of net premiums and interest used to purchase a life annuity at the time annuitant reaches specified retirement date … Useful english dictionary
Individual Retirement Annuity — A retirement investment vehicle that is structured similarly to a individual retirement account (IRA), except that in this instance, an annuity contract must be purchased, subject to a number of conditions which must be met. An individual… … Investment dictionary
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
Retirement (disambiguation) — Retirement is the end of one s career, usually due to age. Related articles include: *Retirement age *Retirement account *Retirement annuity *Retirement planRetirement may also refer to: *Retirement (uniform number), a sports team discontinuing… … 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
retirement plans — General term referring to various types of retirement benefit plans provided by employers or established individually by self employed. See individual retirement account (I.R.A.); Keogh plan; money purchase plan, pension plan; retirement annuity … Black's law dictionary
retirement income — index annuity, pension Burton s Legal Thesaurus. William C. Burton. 2006 … 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