joint life and survivorship annuity

joint life and survivorship annuity
joint life and survivorship annuity n: joint-and-survivor annuity at annuity

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

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  • joint and survivorship annuity — An annuity contract providing for payments to be made during the lives of two annuitants and to continue, after the death of one, for the life of the surviving annuitant. 4 Am J2d Annui § 6 …   Ballentine's law 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

  • survivorship annuity — An annuity for joint lives of two persons and for the life of the survivor. 4 Am J2d Annui § 6 …   Ballentine'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 — /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 (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

  • Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… …   Wikipedia

  • Genworth Financial — Infobox Company company name = Genworth Financial company company type = Public (NYSE|GNW) foundation = May 2004 location = Richmond, Virginia key people = Michael D. Fraizer key people = Michael D. Fraizer Chairman, President and Chief Executive …   Wikipedia

  • Tontine — In cryptography, a tontine is a secret sharing algorithm which allows n people to share secret data, such that any k of them can reconstruct it by combining their keys. : For the Australian pillow manufacturer, see Tontine Group. A tontine is an… …   Wikipedia

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