Conventional Annuity - Law Dictionary Search Results
Home Dictionary Name: conventional annuityconventional annuity
conventional annuity see annuity ...
annuity
annuity 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 will included annuities for several old friends] 3 : a contract (as with an insurance company) under which one or more persons receive annuities in return for prior fixed payments made by themselves or another (as an employer) annuity cer·tain pl: annuities certain : an annuity payable over a specified period even if the annuitant dies annuity due pl: annuities due : an immediate annuity in which the payment of the benefits is made at the beginning of each payment interval rather than at the end contingent annuity : an annuity whose starting or ending date depends on the occurrence of an event (as the death of the annuitant) whose date is uncertain con·ven·tion·al annuity : an annuity under which the annuitant receives a specified...
Annuity
Annuity, in order to constitute an annuity, the payment to be made periodically should be a fixed or predetermined one, and it should not be liable to any variation depending upon or on any ground relating to the general income of the fund or estate which is charged for such payment, CWT v. P. K. Banerjee, (1981) 1 SCC 63 (75): AIR 1981 SC 401. [Wealth-Tax Act, 1957, s. 2(e)(1)(iv)]It is a right to receive a specified sum and not an aliquot share in the income arising from any fund or property. Ordinarily an annuity is a money payment of a fixed sum annually made and is a charge personally on the grantor, CWT v. Arundhati Balkrishna, (1970) 1 SCC 561 (565): AIR 1971 SC 915. [Wealth Tax Act, 1957, s. 2(e)(iv)]An annuity is a fixed sum payable annually either in perpetuity or for any less period. When charged upon land either freehold or leasehold both, exclusively of purely personal estate, it is strictly a rent charge; see (English) Real Property Limitation Act, 1833 (3 & 4 Will. 4, c....
Government annuities
Government annuities. By 27 & 28 Vict c. 43, and 45 & 46 Vict. c. 51, the Government Annuities Acts, 1864 and 1882, and other 'Government Annuities Acts,' facilities are afforded for the purchase of such annuities, and for assuring payments of money on death, the latter Act allowing the purchase of an annuity of any amount not exceeding 100l. a year, the limit under the Act of 1864 having been 50l. a year. At the present time life annuities are granted from the National Debt offices without any limit on the amount, or through the Post Office or trustee savings banks up to 330l. a year.The Government Annuities Act, 1929 (c.29), con-solidates with amendments the former Acts. See ANNUITIES....
joint and survivorship annuity
joint and survivorship annuity : joint-and-survivor annuity at annuity ...
joint annuity
joint annuity : joint life annuity at annuity ...
joint life and survivorship annuity
joint life and survivorship annuity : joint-and-survivor annuity at annuity ...
joint-and-last-survivor annuity
joint-and-last-survivor annuity : joint-and-survivor annuity at annuity ...
Convention
Convention, 'convention' means the Convention on International Civil Aviation opened for signatures at Chicago on the 7th December, 1944. [Foreign Aircraft (Exemption from Taxes and Duties on Fuel and Lubricants) Act, (36 of 2002), s. 2(b); (69 of 1972), s. 2(ii)]An extraordinary assembly of the Houses of Lords and Commons, without the assent or summons of the sovereign. It can only be justified ex necessitate rei, as in the case of the Convention Parliament which restored Charles II., and that which disposed of the crown and kingdom to William and Mary in 1688. Also a treaty or agreement with a foreign government. See EXTRADITION.1. An agreement or compact, esp. one among nations; a multilateral treaty. 2. A generally accepted rule or practice, usage or custom, Black's Law Dictionary, 7th Edn., p. 332.Convention, a writ for the breach of any covenant in writing, whether real or personal, Reg. Brev. 115; Fitz. N.B. 145....
annuity certain
annuity certain see annuity ...
- << Prev.
- Next >>
Sign-up to get more results
Unlock complete result pages and premium legal research features.
Start Free Trial