Life Annuity - Law Dictionary Search Results
Home Dictionary Name: life annuity Page 1 of about 26 results (0.004 seconds)Deferred life annuities
Deferred life annuities, annuities for the life of the purchaser, but not commencing until a date subsequent to the date of buying them, so that if the purchaser die before that date the purchase money is lost....
Life annuity
Life annuity, an annual payment during the continuance of any given life or lives. See ANNUITY and RENT CHARGE; LAND CHARGE; SETTLED LAND...
joint life annuity
joint life annuity see annuity ...
life annuity
life annuity see annuity ...
straight life annuity
straight life 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...
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....
Tontine
Tontine, a life-annuity, or a loan raised on life-annuities, with benefit of survivorship. The term originated from the circumstance that Lorenzo Tonti, an Italian, invented this kind of security in the seventeenth century, when the Governments of Europe had some difficulty in raising money in consequence of the wars of Louis XIV, who first adopted the plan in France. a loan was obtained from several individuals on the grant of an annuity to each of them, on the understanding that, as deaths occurred, the annuity should continue payable to the survivors, and that the last survivor should take the whole. This mode of raising money has more than once been adopted by the English Government (see, e.g., 29 Geo. 3, c. 41, amended by 30 Geo. 3, c. 45), and also for the purpose of private speculations, but it has almost entirely fallen into disuse....
joint life and survivorship annuity
joint life and survivorship annuity : joint-and-survivor annuity at annuity ...
life income-period certain annuity
life income-period certain annuity see annuity ...
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