ANNUITY UNIT Meaning and
Definition
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An annuity unit refers to a type of measurement utilized by insurance companies to determine the value of an annuity contract. An annuity is a financial product that offers a stream of income payments to an individual or entity over a specified period of time. An annuity unit is commonly used to calculate the amount of income payments an annuity holder will receive based on the value of their contract.
The annuity unit represents a specific dollar amount which is used to determine the income payments. It is determined by the insurance company and is dependent on various factors such as interest rates, investment performance, and administrative costs. The value of an annuity unit may fluctuate over time, reflecting changes in the underlying factors.
When an annuity holder receives income payments, the number of annuity units they own will determine the actual dollar amount they receive. As the number of annuity units owned by the individual or entity increases, the amount of income payment received also increases. Conversely, if the number of annuity units decreases, the income payment will decrease correspondingly.
Understanding annuity units is essential for annuity holders as it enables them to track the value of their annuity contract and project future income payments. Additionally, it allows individuals or entities to compare different annuity contracts offered by different insurance companies based on the value of their annuity units.
Etymology of ANNUITY UNIT
The word "annuity" derives from the Latin word "annus", meaning "year". It refers to a fixed sum of money paid to someone annually. The term "unit" comes from the Latin word "unitas", meaning "oneness" or "unity". In the context of an annuity unit, it refers to a specific divisible portion of an annuity contract or investment plan. The combination of these words, "annuity unit", consequently relates to a particular measurement or unit of value within an annuity.
Similar spelling words for ANNUITY UNIT
- Anit-impotence Drug,
- allocation unit,
- buy into,
- displacement unit,
- illumination unit,
- antitrade wind,
- end user,
- end run,
- ant thrush,
- break into,
- flux unit,
- get into,
- and gate,
- ball-and-socket joint,
- heat unit,
- electromagnetic unit,
- area unit,
- bump into,
- cubage unit,
- energy unit,
- foot-and-mouth disease,
- army unit,
- dry unit,
- Ent Man,
- closed-end fund,
- Indo-european Language,
- dip into,
- ante meridiem,
- cock-and-bull story,
- angular unit,
- and elsewhere,
- casement window,
- avoirdupois unit,
- break wind,
- India Paper,
- end-to-end solution,
- bitter end,
- breaking wind,
- display window,
- astronomical unit,
- angstrom unit,
- anti-g suit,
- black-and-tan coonhound,
- Elastance Unit,
- booster unit,
- front end,
- anti-war movement,
- good and,
- Adam's Needle-and-thread,
- amazon ant,
- eat into,
- and others,
- owned-and-operated station,
- and circuit,
- India-rubber Tree,
- check into,
- ant bird,
- electrostatic unit,
- anti-inflammatory drug,
- conductance unit,
- window unit,
- get onto,
- explosive unit,
- ear-nose-and-throat doctor,
- bulldog ant,
- and then,
- Catabatic Wind,
- anti-racketeering law,
- deaf-and-dumb person,
- fore-and-aft topsail,
- absorption unit,
- anti-torque rotor,
- butt end,
- end-to-end principle,
- astronomy unit,
- family unit,
- tilt-and-turn window,
- fall into,
- anti-takeover defense,
- ant shrike,
- current unit,
- broken wind,
- army ant,
- end up,
- fire ant,
- capacity unit,
- cut into,
- Andy Andy,
- end matter,
- black-and-tan terrier,
- gentle wind,
- administrative unit,
- Ab Initio,
- anti-submarine rocket,
- carpenter ant,
- end on,
- apothecaries' unit,
- end man,
- driver ant,
- fore-and-aft rig,
- India Rubber,
- end organ,
- hind end,
- anti-dumping duty,
- bow window,
- acceleration unit,
- back end,
- force unit,
- end game,
- French Window,
- and so,
- capacitance unit,
- end point,
- charge unit,
- end-over-end churn,
- and how,
- dormer window,
- Blighty Wound,
- ante up,
- feed-and-reflector unit,
- ant cow,
- fore-and-aft sail,
- Chinook Wind,
- end-to-end communication,
- India-rubber Fig,
- dead-end street,
- car window,
- go into,
- half-and-half dressing,
- hoof-and-mouth disease,
- anti-drug law,
- employee-owned business,
- employee-owned enterprise,
- artillery unit,
- flesh wound,
- gable end,
- end product,
- candlepower unit,
- air unit,
- high wind,
- end-to-end encryption,
- WINDOW IND,
- cubature unit,
- fag end,
- double-hung window,
- anti-masonic party,
- east wind,
- anti-inflammatory, anti-inflammatory drug,
- Arbutus Unedo,
- any-and-all bid,
- Anti-tnf Compound,
- India Ink,
- come into,
- bay window,
- get wind,
- end-over-end shaker,
- India-rubber Plant,
- dig into.
