Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 4 terms
A product where a lump sum buys a fixed income for life from an insurer.
Insurance against living a long time, not an investment. Judged as an investment it is poor; judged as an unremovable floor it does something nothing else does.
Revenue that arrives again in the next period without having to be re-won, such as subscriptions, maintenance contracts or annuity-like service income.
It makes earnings predictable, which is most of why the market pays more for it. Establish what share of the top line genuinely recurs before applying the label to the whole company.
National Pension System — a low-cost retirement account allowing up to 75% equity, locked until 60.
Very cheap equity exposure with a rigid retirement condition and a mandatory annuity at the end.
Redeeming a fixed amount from a fund at regular intervals to create an income.
The alternative to an annuity: keeps the capital, keeps growth, keeps flexibility — and exposes you to the order in which returns arrive.