Related Words

Annuity Due: An annuity with n payments, where the first payment is made at time t = 0, and the last payment is made at time t = n - 1.

Nonqualified Annuity: An annuity you buy on your own, rather than through a qualified employer sponsored retirement plan or individual retirement arrangement, is a nonqualified annuity. Nonqualified annuities are . . . View Full Definition

Life Annuity: An annuity that pays a fixed amount for the lifetime of the annuitant.

Nonqualifying Annuity: An annuity that does not fall under an IRS-approved pension plan. Contributions are made with after-tax dollars, but earnings can accumulate tax-deferred until withdrawal.

Normal Annuity Form: The manner in which retirement benefits are paid out.

Period-Certain Annuity: An annuity that provides guaranteed payments to an annuitant for a specified period of time.

Joint And Survivor Annuity: A type of annuity opened by and intended for two people, that makes payments for the entire lifetime of both beneficiaries, even if one of them dies.

Individual Retirement Annuity: An individual retirement annuity is one type of individual retirement arrangement. It resembles the better-known individual retirement account in most ways, such as annual contribution limit . . . View Full Definition

Immediate Annuity: You buy an immediate annuity contract with a lump-sum purchase. You begin receiving income from the annuity either right away or within 13 months. A fixed immediate annuity guarantees the am . . . View Full Definition

Immediate Payment Annuity: Market or limited price order that is to be executed in whole or in part as soon as such order is represented in the trading crowd. The portion not executed is to be treated as cancelled. A . . . View Full Definition