variable annuity
variable annuity see annuity

Merriam-Webster’s Dictionary of Law. . 1996.

variable annuity
An annuity that makes payments that vary in amount, depending on the performance of the investments made by the annuity company. Compare: fixed annuity
Category: Personal Finance & Retirement → Retirement Planning

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • variable annuity — noun : an annuity contract which is backed primarily by a fund of common stocks and the payments on which fluctuate with the state of the economy * * * an annuity in which the premiums are invested chiefly in common stocks or other securities,… …   Useful english dictionary

  • variable annuity — An annuity under a contract which guarantees the annuitant that upon reaching a specified age he will receive periodic payments, the amount of which is not fixed and has no assured minimum, but will vary according to the success of the investment …   Ballentine's law dictionary

  • variable annuity — /ˌveəriəb(ə)l ə nju:əti/ noun an annuity based on funds invested in common stock, which varies with the value of the stock, as opposed to a fixed annuity …   Dictionary of banking and finance

  • variable annuity — an annuity in which the premiums are invested chiefly in common stocks or other securities, the annuitant receiving payments based on the yield of the investments instead of in fixed amounts. * * * …   Universalium

  • Variable Annuity — An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. The portfolio generally… …   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

  • 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 (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 (financial contracts) — An annuity contract is a financial product, typically offered by a financial institution, that may accumulate value and take a current value and pay it out over a period of years. These contracts are regulated by various jurisdictions, leading to …   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

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