Annuity
Encyclopedia
Annuity may refer to:
An annuity that has no definite end is called a perpetuity
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- Annuity (finance theory)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 discussions of finance, usually in connection with the valuation of the stream of payments, taking into account time value of money...
: any terminating stream of fixed payments over a specified period of time - Life annuityLife annuityA life annuity is a financial contract in the form of an insurance product according to which a seller — typically a financial institution such as a life insurance company — makes a series of future payments to a buyer in exchange for the immediate payment of a lump sum or a series...
: a financial contract providing payments for a person's lifetime - Annuity (US financial products)Annuity (US financial products)In the United States an annuity contract is created when an insured party, usually an individual, pays a life insurance company a single premium that will later be distributed back to the insured party over time...
- Annuity (European financial arrangements)Annuity (European financial arrangements)An annuity can be defined as a financial contract which provides an income stream in return for an initial payment with specific parameters. It is the opposite of a settlement funding...
- Swiss AnnuitySwiss AnnuityA Swiss annuity is similar to an American annuity, in which insured parties pay a premium which will be returned to them in time. However, unlike American and European annuities Swiss annuities can be used in offshore tax planning and are not subject to the usual tax and bankruptcy reporting...
An annuity that has no definite end is called a perpetuity
Perpetuity
A perpetuity is an annuity that has no end, or a stream of cash payments that continues forever. There are few actual perpetuities in existence...
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