Law Dictionary Definitions

annuity policy.An insurance policy providing for monthly or periodic payments to the insured to begin at a fixed date and continue through the insured’s life. [Blacks Law 8th]

annuity insurance.See INSURANCE. [Blacks Law 8th]

annuity depreciation method.See DEPRECIATION METHOD.  [Blacks Law 8th]

annuity bond.See BOND(3). [Blacks Law 8th]

annuity  (<<schwa>>-n[y]oo-<<schwa>>-tee).1.  An  obligation  to  pay  a  stated  sum,  usu. monthly  or  annually,  to  a  stated  recipient.  •  These  payments  terminate  upon  the  death  of  the designated beneficiary. [Cases: Annuities    1.C.J.S. Annuities §§ 2–4, 6–9, 21.] 2. A fixed sum of money  payable periodically. 3. A right, often acquired under a life-insurance contract, to receive…

annuitant  (<<schwa>>-n[y]oo-<<schwa>>-t<<schwa>>nt),  n.  A  beneficiary  of  an  annuity. [Cases: Annuities    1. C.J.S. Annuities §§ 2–4, 6–9, 21.][Blacks Law 8th]

annua pensione.See DE ANNUA PENSIONE. [Blacks Law 8th]

annual value.See VALUE(2). [Blacks Law 8th]

annual report.A yearly corporate financial report for shareholders and other interested parties. • The Securities Exchange Act of 1934 requires registered corporations to file an annual report on the SEC’s Form 10-K. An annual report includes a balance sheet, income statement, statement of changes in financial position, reconciliation of changes in owners’ equity accounts, a…

annual permit.A permit, required by some states, that must be paid each year by a corporation that does business in the state. • In some states, the permit fee is set according to the corporation’s capitalization. [Blacks Law 8th]