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annuities

Explanation

  1. annuities a.k.a. Annuity: An annuity is a series of payments made at fixed intervals of time. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments. Annuities are classified by the frequency of payment dates. The payments may be made weekly, monthly, quarterly, yearly, or at any other interval of time.
  2. annuities a.k.a. Structured settlement: A structured settlement is a financial or insurance arrangement whereby a claimant agrees to resolve a personal injury tort claim by receiving periodic payments on an agreed schedule rather than as a lump sum. Structured settlements were first utilized in Canada after a settlement for children affected by Thalidomide. Structured settlements are widely used in product liability or injury cases. A structured settlement can be implemented to reduce legal and other costs by avoiding trial. Structured settlement cases became more popular in the United States during the 1970s as an alternative to lump sum settlements. The increased popularity was due to several rulings by the IRS, an increase in personal injury awards, and higher interest rates. The IRS rulings changed policies such that if certain requirements were met then claimants could have federal income tax waived. Higher interest rates result in lower present values, hence annuity premiums, for deferred payments versus a lump sum.

Printed dictionaries and other books with definitions for annuities

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Google previewThe Lawyers Reports Annotated (1905)

The ject of a parol or written contract, unless power to grant or dispose of annuities is a there be some statute requiring such a concharter power, and the most, therefore, that tract to be by deed. But, so far from this can be said, is that in this ...

Google previewThe law lexicon; or dictionary of jurisprudence, etc (1867)

by J.J.S. WHARTON

At length the practice of borrowing for a fixed period, or, as it is called, upon terminable annuities, ...

Google previewThe Law Lexicon, Or Dictionary of Jurisprudence (1848)

by John Jane Smith Wharton

Bank annuities created in 1726. — The capital is irredeemable ; and being small, in comparison with the other public funds, and a stock in which little is done on speculation, the price is generally, at least, one per cent, lower than the three ...

Google previewA Dictionary, Practical, Theoretical, and Historical, of Commerce and Commercial Navigation (1859)

by John Ramsay McCulloch

Consolz, or Consolidated Annuities.-This stock forms by much the largest portion of the public debt. It had its origin in 1751, when an act was passed, consolidating (hence the name) several separate stocks bearing an interest of 3 per cent.

Google previewEncyclopaedia Perthensis; or, Universal dictionary of Knowledge. [With] Supp (1816)

by Encyclopaedia Perthensis

ANNUITIES, govfrnment. Borrowing '.p-n annuities is one of the methods employed hy (Jjvc-rnment for railing supplies. Of this the re at two methods ; that of borrowing upon an 11 ui- •io tor terms of years, and that of borrowing epon annuities ...

Google previewBritish Encyclopedia (1821)

Or, Dictionary of Arts and Sciences, Comprising an Accurate and Popular View of the Present Improved State of Human Knowledge by William Nicholson

Simpson's Doctrine of Annuities, Dr.

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Scrabble value of A1N1N1U1I1T1I1E1S1

The value of this 9-letter word is 9 points. It is included in the first and second editions of the Official Scrabble Players Dictionary.

Anagrams of ANNUITIES

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