annuitant annuitant

Definition(s):

  • (n) the recipient of an annuity

Usage(s):

  1. Its insurance business was dropped but the bank's annual reports show a reserve for old annuities which grows smaller each year and will disappear when the last annuitant dies.
  2. Under the old rule, the yearly payment was taxable up to 3% of the total cost, and when the annuitant had recovered the cost taxfree, the entire payment became taxable.

News

Quotes

  • "Our suite of annuity plans offer guaranteed monthly payments for life, the ability to access extra cash in an emergency, and premium protection features that ensure the total income an annuitant or their beneficiary receives will never be less than...
    on Jan 31, 2007 By: Brian Duffy Source: Business Wire (press release)

Word of the Day
cynic cynic
/ˈsɪ nɪk /