Define: Annuity Certain

UK Accounting Glossary

Definition: Annuity Certain


Quick Summary of Annuity Certain


An annuity in which payments continue for a specified period irrespective of the life or death of the person covered.



What is the dictionary definition of Annuity Certain?

Dictionary Definition


An annuity in which payments continue for a specified period irrespective of the life or death of the person covered.

Typically, Annuities cease on the death of the policyholder unless they are annuities certain.


Full Definition of Annuity Certain




Annuity Certain FAQ's


What is a period certain annuity?

Annuity that guarantees regular payment of a certain sum for the life of the annuitant. In case he or she dies before the completion of a specified period, the payments are made to a designated beneficiary until the end of that period.

What happens when you annuitise an annuity?

Annuitisation is the process of converting an annuity investment into a series of periodic income payments. Annuities may be annuitised for a specific period or for the life of the annuitant. Annuitants can arrange for beneficiaries to receive a portion of the annuity balance upon their death.


Cite Term


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https://payrollheaven.com/define/annuity-certain/
Modern Language Association (MLA):
Annuity Certain. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 20, 2019 https://payrollheaven.com/define/annuity-certain/.
Chicago Manual of Style (CMS):
Annuity Certain. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/annuity-certain/ (accessed: July 20, 2019).
American Psychological Association (APA):
Annuity Certain. PayrollHeaven.com. Retrieved July 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/annuity-certain/

Definition Sources


Definitions for Annuity Certain are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th May 2019.