How Do You Spell TEMPORARY ANNUITY?

Pronunciation: [tˈɛmpɹəɹˌɪ ɐnjˈuːɪti] (IPA)

The spelling of the term "temporary annuity" follows the standard English spelling conventions. The word "temporary" is spelled with a "t" followed by the "e" sound in "eh" /ˈtɛmpərəri/. The pronunciation of the word "annuity" involves a long "a" sound followed by the "n" sound, "y" pronounced like "ee," and then "t" sound. Phonetically, it is transcribed as /əˈnuwɪti/. Overall, the spelling and pronunciation of "temporary annuity" are straightforward and intuitive, making it a familiar term for those in the finance industry.

TEMPORARY ANNUITY Meaning and Definition

1. A temporary annuity is a form of financial arrangement, typically in the context of insurance or retirement plans, in which regular payments are made to an individual for a fixed period of time. It can also be referred to as a time-limited annuity or a term annuity.

   The concept of a temporary annuity is based on the premise of providing a predetermined income stream over a specific duration. This could be several years or any other agreed-upon term, depending on the policy or agreement between the annuity provider and the recipient. The recipient, also known as the annuitant, will receive regular payments at specified intervals, which can be monthly, quarterly, annually, or otherwise outlined in the annuity contract.

   Temporary annuities are commonly utilized as a risk management tool, primarily as a mechanism to secure income during a specific phase or period in an individual's life. For instance, they can be incorporated into retirement planning strategies to supplement other retirement savings or pensions during a specific timeframe until other income sources become available, such as Social Security benefits.

   It is important to note that the temporary nature of the annuity implies that the payments cease at the end of the agreed-upon term. Once the term ends, the annuitant will no longer receive any further payments from the annuity provider. Additionally, temporary annuities can come in various forms, including fixed annuities with predetermined payments or variable annuities tied to specific investment performances.

2. One which terminates after a specified number of payments have been made, or earlier if the annuitant dies.

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

Common Misspellings for TEMPORARY ANNUITY

• remporary annuity
• femporary annuity
• gemporary annuity
• yemporary annuity
• 6emporary annuity
• 5emporary annuity
• twmporary annuity
• tsmporary annuity
• tdmporary annuity
• trmporary annuity
• t4mporary annuity
• t3mporary annuity
• tenporary annuity
• tekporary annuity
• tejporary annuity
• temoorary annuity
• temlorary annuity
• tem-orary annuity
• tem0orary annuity
• tempirary annuity

Etymology of TEMPORARY ANNUITY

The word "temporary" originates from the Latin word "temporarius", which means "of limited time" or "lasting for a short period". The term "annuity" comes from the Latin "annus", meaning "year", and was used to describe an annual payment or financial arrangement. When combined, "temporary annuity" refers to a short-term financial contract or periodic payment that lasts for only a limited time.