refund annuity — see annuity Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
refund annuity — noun : an annuity payable until annuitant s death when if total payments have not equalled all or a stated part of the purchase price the difference is paid to the annuitant s estate or to a designated beneficiary * * * Insurance. an annuity… … Useful english dictionary
refund annuity — Insurance. an annuity providing for a lump sum payment or installment payments to the beneficiary for the amount remaining of the purchase price at the death of the annuitant. * * * … Universalium
Cash Refund Annuity — An annuity contract that returns funds back to a beneficiary in the event that the annuitant dies too early. A cash refund annuity has a provision which stipulates that if the annuitant passes away before the annuity payments received equal the… … Investment dictionary
cash refund annuity — noun : a refund annuity payable in cash to a beneficiary upon the annuitant s death … Useful english dictionary
annuity — an·nu·ity /ə nü ə tē, nyü / n 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 … Law dictionary
annuity — /an(y)uwatiy/ A right to receive fixed, periodic payments, either for life or for a term of years. Moore v. O Cheskey, App., 87 N.M. 66, 529 P.2d 292, 293. A fixed sum payable to a person at specified intervals for a specific period of time or… … Black's law dictionary
annuity — /an(y)uwatiy/ A right to receive fixed, periodic payments, either for life or for a term of years. Moore v. O Cheskey, App., 87 N.M. 66, 529 P.2d 292, 293. A fixed sum payable to a person at specified intervals for a specific period of time or… … Black's law dictionary
annuity — In the older sense of the term, a yearly payment of a certain sum of money granted to another in fee, for life, or for years. In the modern sense, a right, bequeathed, donated, or purchased, to receive fixed or certain periodical payments,… … Ballentine's law dictionary
straight annuity — An annuity payable under a contract which provides for the termination of all payments upon the death of the annuitant. 4 Am J2d Annui § 1. An annuity under which the payments to be made by the insurance company terminate upon the death of the… … Ballentine's law dictionary