refund annuity
refund annuity see annuity

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

Look at other dictionaries:

  • refund annuity — noun : an annuity payable until annuitant s death when if total payments have not equalled all or a stated part of the purchase price the difference is paid to the annuitant s estate or to a designated beneficiary * * * Insurance. an annuity… …   Useful english dictionary

  • refund annuity — Insurance. an annuity providing for a lump sum payment or installment payments to the beneficiary for the amount remaining of the purchase price at the death of the annuitant. * * * …   Universalium

  • refund annuity — An annuity under a contract which provides that upon the death of the annuitant prior to receiving the entire principal in periodical annuities, the balance remaining shall be paid to the estate of the annuitant or designated beneficiary. 4 Am… …   Ballentine's law dictionary

  • Cash Refund Annuity — An annuity contract that returns funds back to a beneficiary in the event that the annuitant dies too early. A cash refund annuity has a provision which stipulates that if the annuitant passes away before the annuity payments received equal the… …   Investment dictionary

  • cash refund annuity — noun : a refund annuity payable in cash to a beneficiary upon the annuitant s death …   Useful english 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 — /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 — In the older sense of the term, a yearly payment of a certain sum of money granted to another in fee, for life, or for years. In the modern sense, a right, bequeathed, donated, or purchased, to receive fixed or certain periodical payments,… …   Ballentine's law dictionary

  • straight annuity — An annuity payable under a contract which provides for the termination of all payments upon the death of the annuitant. 4 Am J2d Annui § 1. An annuity under which the payments to be made by the insurance company terminate upon the death of the… …   Ballentine's law dictionary

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