Income Annuity

Business / Taxes / Income Annuity: An income annuity, sometimes called an immediate annuity, pays an annual income, usually in monthly installments. Your income is based on the annuity's price, your age (and your joint annuitant's age if you name one), the term length, and the specific details of the contract. It's also dependent on the annuity provider's ability to meet its obligations. You might buy an income annuity with assets from your 401(k) plan, or your plan may buy an income annuity on your behalf. In that case, the annuity provider guarantees an income that will satisfy your minimum required distribution.

Other Words for Income

Income Adjective Synonyms: return, revenue(s), receipts, proceeds, profit(s), gain(s), takings
MORE

Annuity Unit

Business / Taxes / Annuity Unit: Annuity units are the shares you own in variable annuity subaccounts, also called annuity funds or separate account funds, during the period you're receiving income from the annuity. The number of you MORE

Net Income Before Taxes

Business / Finance / Net Income Before Taxes: Total revenues minus total expenses except the income tax expense, for a specified time. Also known as pretax income. MORE

Net Investment Income Per Share

Business / Finance / Net Investment Income Per Share: Income received by an investment company from dividends and interest on investments less administrative expenses, divided by the number of outstanding shares. MORE

Links
Home
Glossary
Thesaurus