government annuity

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• annuity — /ə nju:ɪti/ noun money paid each year to a retired person, usually in return for a lump sum payment. The value of the annuity depends on how long the person lives, as it usually cannot be passed on to another person. Annuities are fixed payments …   Dictionary of banking and finance

• government annuities societies — Societies formed in England under 3 & 4 Wm. IV, c. 14, 7 & 8 Viet., c. 83, 16 & 17 Viet., c. 45, and 27 & 28 Viet., c. 43, to enable the industrious classes to make provisions for themselves by purchasing, on advantageous terms, a government… …   Black's law dictionary

• government annuities societies — Societies formed in England under 3 & 4 Wm. IV, c. 14, 7 & 8 Viet., c. 83, 16 & 17 Viet., c. 45, and 27 & 28 Viet., c. 43, to enable the industrious classes to make provisions for themselves by purchasing, on advantageous terms, a government… …   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

• 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 (finance theory) — The term annuity is used in finance theory to refer to any terminating stream of fixed payments over a specified period of time. This usage is most commonly seen in academic discussions of finance, usually in connection with the valuation of the… …   Wikipedia

• annuity — /euh nooh i tee, euh nyooh /, n., pl. annuities. 1. a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient s life, in consideration of a stipulated premium paid either in prior installment… …   Universalium

• Government Insurance Service System — The Government Service Insurance System is a Philippine government owned financial company with pays pension to former government and military employees.HistoryThe GSIS was created on November 14, 1936 under Commonwealth Act No. 186, also known… …   Wikipedia

• annuity — Synonyms and related words: accident insurance, actuary, aid, alimony, allotment, allowance, assistance, assurance, aviation insurance, bail bond, bond, bounty, business life insurance, casualty insurance, certificate of insurance, court bond,… …   Moby Thesaurus

• Life annuity — The life annuity is a financial contract according to which a seller (issuer) typically a financial institution such as a life insurance company makes a series of payments in the future to the buyer (annuitant) in exchange for the immediate… …   Wikipedia

• Certificate of Annuity — (COA) is a financial instrument/security issued by government agencies which guarantee the initial interest rate for funds on deposit for the entire length of the maturity of the security. Typical maturity/tenor for these deposit instruments are… …   Wikipedia