Definition: yearly allowance
Definition: yearly allowance
Sentences Containing 'annuity'
I had often heard him complain of the disproportion of his rank with his fortune; and I advised him to invest all he had in an annuity.
He had reserved from his annuity his family papers, his library, composed of five thousand volumes, and his famous breviary.
``Him to whom your excellency pays that little annuity.''
``I can still say it is a dream; a retired baker, my poor Benedetto, is rich he has an annuity.''
The same annuity, and the same encouragements of all kinds, were given to the trade of those inferior chambers as to that of the great company.
In 1733, they again petitioned the parliament, that three-fourths of their trading stock might be turned into annuity stock, and only one-fourth remain as trading stock, or exposed to the hazards arising from the bad management of their directors.
Both their annuity and trading stocks had, by this time, been reduced more than two millions each, by several different payments from government; so that this fourth amounted only to
An end was put to their trade with the Spanish West Indies; the remainder of their trading stock was turned into an annuity stock; and the company ceased, in every respect, to be a trading company.
In the other, it was supposed sufficient to pay the interest only, or a perpetual annuity equivalent to the interest, government being at liberty to redeem, at any time, this annuity, upon paying back the principal sum borrowed.
The fund becoming in this manner altogether insufficient for paying both principal and interest of the money borrowed upon it, it became necessary to charge it with the interest only, or a perpetual annuity equal to the interest; and such improvident anticipations necessarily gave birth to the more ruinous practice of perpetual funding.
In 1695, an act was passed for borrowing one million upon an annuity of fourteen per cent., or
An annuity for ninety-eight or ninety-nine years, however, is worth nearly as much as a perpetuity, and should therefore, one might think, be a fund for borrowing nearly as much.
An annuity for a long term of years, therefore, though its intrinsic value may be very nearly the same with that of a perpetual annuity, will not find nearly the same number of purchasers.
The subscribers to a new loan, who mean generally to sell their subscription as soon as possible, prefer greatly a perpetual annuity, redeemable by parliament, to an irredeemable annuity, for a long term of years, of only equal amount.
When annuities are granted upon separate lives, the death of every individual annuitant disburdens the public revenue, so far as it was affected by his annuity.
An annuity, with a right of survivorship, is really worth more than an equal annuity for a separate life; and, from the confidence which every man naturally has in his own good fortune, the principle upon which is founded the success of all lotteries, such an annuity generally sells for something more than it is worth.
Annuities upon their own lives they would always sell with loss; because no man will give for an annuity upon the life of another, whose age and state of health are nearly the same with his own, the same price which he would give for one upon his own.
An annuity upon the life of a third person, indeed, is, no doubt, of equal value to the buyer and the seller; but its real value begins to diminish from the moment it is granted, and continues to do so, more and more, as long as it subsists.
It can never, therefore, make so convenient a transferable stock as a perpetual annuity, of which the real value may be supposed always the same, or very nearly the same.
Sinking funds have generally arisen, not so much from any surplus of the taxes which was over and above what was necessary for paying the interest or annuity originally charged upon them, as from a subsequent reduction of that interest; that of Holland in 1655, and that of the ecclesiastical state in 1685, were both formed in this manner.
In return for the capital which they advanced, they obtained, indeed, an annuity of the public funds, in most cases, of more than equal value.
This annuity, no doubt, replaced to them their capital, and enabled them to carry on their trade and business to the same, or, perhaps, to a greater extent than before; that is, they were enabled, either to borrow of other people a new capital, upon the credit of this annuity or, by selling it, to get from other people a new capital of their own, equal, or superior, to that which they had advanced to government.
Should there be any general failure or declension in any of these things, the produce of the different taxes might no longer be sufficient to pay him the annuity or interest which is due to him.
'David had bought an annuity for himself with his money, I know,' said she, by and by.
Mr. Dick, who had been rattling his money all this time, was rattling it so loudly now, that my aunt felt it necessary to check him with a look, before saying: 'The poor child's annuity died with her?'
to execute a relinquishment of his share in the partnership, and even a bill of sale on the very furniture of his house, in consideration of a certain annuity, to be well and truly paid by--HEEP--on the four common quarter-days in each and every year.
He took several risks whilst in the Orient and, in executing an oath made abroad, "in Egypto", he established an annuity of two sous for the benefit of the Collégiale Saint-Nicolas de Craon to contribute towards the chapel lamp.
She also received a life annuity of £3,000, commencing 12 months after Sir William's death.
The Raja Permaisuri Agong is, however, legally entitled to an annuity which is included in the Civil List of the Yang di-Pertuan Agong.
The division offered a variety of products, ranging from interest-guarantee contracts to annuity contracts.
A Charitable Gift Annuity is a gift vehicle that falls in the category of Planned Giving.
Virginia historian Virginius Dabney notes that he gave nearly $750,000 to the University of Virginia in named gifts, in addition to gifts to the city of Charlottesville and other anonymous donations, and that by 1942 he had given away so much of his fortune that he "was struggling to live within his annuity of $6,000."
Typically, the money is paid back in regular "installments", or partial repayments; in an annuity, each installment is the same amount.
Richard continued her annuity when he became king.
The assignment company then purchases an annuity from a life insurance company with high financial ratings from A. M. Best. Case law and administrative precedents support recognition of the original contract terms after a substitution of obligors.
Each installment payment to the seller has three components: deferred return of basis, deferred capital gain, and ordinary income earned on the money in the annuity.
The structured settlement specialist who implements the transaction is paid directly by the life insurance company that writes the annuity.
At his death, in March 1682, he left her an annuity of 300 l., which owing to the reduced state of his fortune was probably never paid.
In 1850, when a subsidiary Annuity Fund was formed to sell life insurance, Bulkeley was named its administrative head.
When Annuity Fund was reorganized in 1853 as the Aetna Life Insurance Company, Bulkeley became its first president.
The company markets and sells products managed through UIA and group annuity contracts offered through Union Labor Life.
1961: Group annuity actuarial and administration departments are created.
He obtained from the state an annuity of £25,000.
Kurtz made the bequest and charitable gift annuity to the University, where he taught from 1965 to 1991, to help aid the development of critical intelligence of future generations of UB students.
The Series 6 permits the "rep" to sell only mutual funds and variable annuity contracts.
In 1877, with Santley, Nilsson and Ciro Pinsuti, assisted by Arthur Chappell, he gave a benefit concert which raised £1500 towards an annuity for their colleague Mario, who was then living in Rome in straitened circumstances.
Samsung Life's principal activity is the provision of individual life insurance and annuity products and services.
Early in 1866, Napoleon III, who had come to power in France in 1849, granted Murat an annuity from the French government in consideration of her losses during the Civil War.
Arts activist who persuaded Charles Haughey - he was cultural and artistic adviser to the former Taoiseach - to found Aosdána and support struggling writers, composers and artists with the annuity known as the Cnuas.
More Vocab Wordscarefree - free from worries; having no problems
vagary - capricious happening; caprice; whim; CF. wander
longevity - long life; long duration
gestate - evolve as in prenatal growth; N. gestation: period of development from conception until birth
paean - song of praise or joy; Ex. paeans celebrating the victory
monastic - related to monks or monasteries; removed from worldly concerns
buffoonery - clowning
animated - lively; spirited
bewitch - cast a spell over; captivate completely
relinquish - give up something (with reluctance); yield; release; Ex. relinquish power/the claim to the land/his hold on my arm