Annuity: Difference between revisions
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imported>Doug Williamson m (Numbering and classification.) |
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#A series of equal future periodic cash flows, starting at Time 1 and ending at a predetermined future Time n. | |||
A series of equal future periodic cash flows, starting at Time 1 and ending at a predetermined future Time n. | #More generally, any series of future periodic cash flows, either equal in amount or growing at a fixed compound rate per period, starting at a future time or already in payment, and usually ending at a later future time. | ||
#Any financial arrangement in which a periodic income is paid to an individual, often as a pension. | |||
#An insurance contract purchased from a life assurance company that pays an income in exchange for a lump sum. | |||
More generally, any series of future periodic cash flows, either equal in amount or growing at a fixed compound rate per period, starting at a future time or already in payment, and usually ending at a later future time. | |||
Any financial arrangement in which a periodic income is paid to an individual, often as a pension. | |||
An insurance contract purchased from a life assurance company that pays an income in exchange for a lump sum. | |||
There are many variations on such annuities, depending on the nature of the income stream. | There are many variations on such annuities, depending on the nature of the income stream. | ||
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* [[Purchased annuity]] | * [[Purchased annuity]] | ||
* [[Simple annuity]] | * [[Simple annuity]] | ||
[[Category:Pensions_Risk]] |
Revision as of 20:41, 27 July 2013
- A series of equal future periodic cash flows, starting at Time 1 and ending at a predetermined future Time n.
- More generally, any series of future periodic cash flows, either equal in amount or growing at a fixed compound rate per period, starting at a future time or already in payment, and usually ending at a later future time.
- Any financial arrangement in which a periodic income is paid to an individual, often as a pension.
- An insurance contract purchased from a life assurance company that pays an income in exchange for a lump sum.
There are many variations on such annuities, depending on the nature of the income stream.