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.
More Vocab Words::: kindle - start a fire; ignite; inspire; arouse
::: apparition - ghost; phantom
::: merit - deserve; ADJ. meritorious: deserving reward or praise
::: flush - redden; blush; flow suddenly and abundantly; wash out by a rapid brief flow of water; N: reddish tinge; blush; brief rush; rush of strong feeling; Ex. flush of pride; ADJ: having surfaces in the same plane; even; blushing
::: reproach - blame (not angrily but sadly); express disapproval or disappointment; N. ADJ. reproachful
::: lance - pierce with a lance; cut into; N: spearlike weapon
::: gratuitous - given freely; unwarranted; uncalled for; done without good reason; Ex. gratuitous comment
::: fester - rankle; produce irritation or resentment; (of a cut or wound) generate pus or rot; Ex. His insult festered in my mind for days.
::: circumspect - prudent; cautious; acting after careful thought
::: aghast - filled with great surprise or fear; horrified