The net yearly income derivable from a given piece of property ; its fair rental value for one year, deducting costs and expenses; the value of its use for a […]

How employers report wages paid and tax withheld to the SSA. The W2 form is used for this. The SSA takes this data and credits the company.

The maximum amount that an INSURANCE contract will pay in settlements to an INSURED over a 12month period, regardless of the number of CLAIMS submitted.

Calculating the work time by year. It is used to accomodate seasonal variations in employment.

Adjusted income or return based on annual performance . AKA annualized return.

The way taxes are done by taxpayers that don’t get even payments. It is done on a quarterly rate. Tax under payment penalties may be reduced.

An annual rate of profit for the time less than a year.

The meaning of this term, us applied to interest, is not an undertaking to pay interest at the end of one year only, but to pay interest at the end […]

A policy that covers for one year and can be continued with no evidence of insurability . AKA yearly renewable term policy.

The recipient of an annuity ; one who is entitled to an annuity.

In Scotch law. Annuities of tithes; 10s. out of the boll of tiend wheat, 8s. out of the boll of beer, less out of the boll of rye, oats, and […]

1. converting the value in an annuity into payments periodically made. 2. to start to get payments periodically from an acuity contract.

A yearly sum stipulated to be paid to another in fee, or for life, or years, and chargeable ohly on the person of the grantor. Co. Litt. ‘1446. An annuity […]

A report that has interest rate , time for interest rate, company ranking, income, and other information for an annuity.

An annuity that promises a fixed number of payments over its lifetime. This is true if the party lives past the payment number required. If they die a beneficiary gets […]

The payments or lump sum required to prucure a policy.

A contract that defines an annuity plan. The number of payments and the amount paid is on this. As well as the start and end date and names of parties […]

When the first payment is due to the annuitant or benificiary.

A promise on an annuity contract that a beneficiary gets the value of an annuity if the pwner passes away before payments run out.

AKA annuity due, the payments made at the start of a period such as rent. Refer to annuity in arrears .

AKA ordinary annuity, the payments made at the end of a period such as interest.

When a party starts making payments from a retirement fund but keeps contributing to it at the same time. A withdrawl is the only transaction registered.

An impost levied annually in Scotland for the maintenance of the ministers of religion.

To cancel; make void ; destroy. To annul a judgment or judicial proceeding is to deprive it of all force and operation, either a6 initio or prospectively as to future […]

When an event or judgment is treated as if it never happened.