UK Accounting Glossary
An income-generating investment whereby, in return for the payment of a single lump sum, the annuitant receives regular amounts of income over a predefined period.
A right to receive amounts of money regularly over a certain fixed period, in perpetuity, or, especially, over the remaining life or lives of one or more beneficiaries.
An annuity is a series of payments made at equal intervals. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments. Annuities can be classified by the frequency of payment dates
Paul receives a small annuity.
Investors ought to consider allocating some money towards an annuity.
Your money can grow much faster in a tax-deferred annuity, than in a taxable account.
In the financial jargon. an annuity is just a regular flow of cash into or out of an account.
In order to make larger returns I’ve decided to transfer my life insurance into an annuity.
He was compensated by an annuity charged upon the land.
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This glossary post was last updated: 26th December 2018.