How Do You Spell ANNUITY CERTAIN?

Pronunciation: [ɐnjˈuːɪti sˈɜːtən] (IPA)

The spelling of the term "annuity certain" can be explained through its IPA phonetic transcription. The first syllable "an-" is pronounced as "æn," while the second syllable "-nuity" is pronounced as "nuːəti." The final syllable "-certain" is pronounced as "səˈtən." This term refers to an annuity that pays out for a specific period, regardless of whether the recipient is alive or not. The correct spelling of this term is important in the financial industry to prevent misunderstandings or errors.

ANNUITY CERTAIN Meaning and Definition

1. An annuity certain is a financial contract or investment product that guarantees a fixed sum of money to be paid out at regular intervals over a specific period of time. It is a form of annuity that provides a predetermined income stream for a defined period, regardless of the performance of underlying investments.

   The term "annuity" refers to a financial product designed to provide a steady income during retirement or any other specified period. "Certain" in this context means that the payment period is predetermined and fixed, usually ranging from a few years to several decades. Annuity certain is often used to meet specific financial obligations and cover regular expenses during retirement.

   The key characteristic of an annuity certain is that the payment amount remains constant for the entire duration of the annuity, regardless of fluctuations in interest rates or market conditions. This makes it a suitable option for individuals seeking a predictable income stream and stability in financial planning.

   The payments from annuity certain may be made on a monthly, quarterly, semi-annual, or annual basis, depending on the terms of the contract. At the end of the specified period, the payments cease, and the annuity certain contract is considered fulfilled.

   Annuity certain is commonly used as a retirement planning tool, ensuring a consistent income flow for a predetermined number of years. It provides individuals with financial certainty and serves as a way to bridge the gap between retirement and the availability of government-sponsored plans such as Social Security.

2. An a. paid for a specified number of years to the beneficiary of a life-insurance policy or to his heirs in lieu of the payment of the full amount of the policy at death.

   A practical medical dictionary. By Stedman, Thomas Lathrop. Published 1920.

Common Misspellings for ANNUITY CERTAIN

• znnuity certain
• snnuity certain
• wnnuity certain
• qnnuity certain
• abnuity certain
• amnuity certain
• ajnuity certain
• ahnuity certain
• anbuity certain
• anmuity certain
• anjuity certain
• anhuity certain
• annyity certain
• annhity certain
• annjity certain
• anniity certain
• ann8ity certain
• ann7ity certain
• annuuty certain
• annujty certain

Etymology of ANNUITY CERTAIN

The word "annuity" originates from the Latin word "annuus", meaning "yearly" or "annual". It refers to a fixed sum of money paid annually or periodically over a specified period.

The term "certain" comes from the Latin word "certus", meaning "certain" or "fixed". It implies a definite or specific duration or period.

When combined, "annuity certain" refers to a financial arrangement where a fixed sum of money is paid periodically for a specific duration or until a specific event occurs. This term is commonly used in the field of insurance and finance to describe a type of annuity contract with a fixed payout period.

Plural form of ANNUITY CERTAIN is ANNUITIES CERTAIN