What's the difference between amortization and annuity?

Amortization


Definition:

  • (n.) The act or right of alienating lands to a corporation, which was considered formerly as transferring them to dead hands, or in mortmain.
  • (n.) The extinction of a debt, usually by means of a sinking fund; also, the money thus paid.

Example Sentences:

  • (1) With recent recognition by many third party carriers this equipment may amortize itself rapidly but, more importantly, it may serve to identify neurological diseases of the bladder that are undetected by other conventional methods of investigation.
  • (2) If amortized additional capital costs are included, there is a 12% reduction in overall costs.
  • (3) Purchase and amortization of the pumps decreases the cost.
  • (4) If we were to freeze the system in its current state, amortize the development and network installation costs, and add projected maintenance costs for the clinical and library applications, our integrated information system would cost $2.8 million on an annual basis.
  • (5) Indirect costs for hospitals and physicians, including depreciation and amortization, debt service, utilities, malpractice insurance, administration, billing, registration, and medical records were not included.
  • (6) In addition, our criteria outline the characteristics of "distressed transactions" that, individually or collectively, we consider when forming an opinion on whether the resulting newly issued debt has "less value than the promise of the original securities," a primary condition of a distressed exchange or similar restructuring: The combination of any cash amount and principal amount of new securities offered is less than the original par amount; The interest rate is lower than the original interest rate; The new securities' maturities extend beyond the original; The timing of payments is slowed (eg zero-coupon from quarterly paying, or bullet from amortizing); or The ranking is altered to more junior.
  • (7) These include the impact of PACS on physician productivity, maintenance costs, discount rates, and the time period for amortization of capital goods.
  • (8) assumed the following functions: a) It filled up the masseter-zygomaticus-buccinator space forming an amortizing and a slipping platform for the masticatory muscles in action; b) in the baby, it resisted to the negative pressure which acted into the buccal cavity during sucking; c) its rich venous net, provided with valve-like structures, may be implicated in the exo-endocranial blood flow by means of the pterygoid plexus.
  • (9) These bundles appear to serve as a peculiar anchor or amortizing apparatus and its elasticity might be a factor of a change of the shape and direction of the canal vessels in the bone development process.
  • (10) Cost-efficiency: Amortized costs of monitoring systems that were apparently initially very expensive can be very low, especially in comparison with other capital outlays and the costs of disposable plastics and supplies used during anesthesia.
  • (11) In the present work are analyzed the most frequently met omissions and errors in the measurement and evaluation of the general vibrations, as well as the factors, which can effect the intensity of the general vibrations; constructive and technological peculiarities, technical state, rate of machine amortization, construction, damping qualities, and regulation of the seat, motion velocity, relief, type of the performed agricultural activity.
  • (12) The expenses for the amortization of the cost of the bunker, for ordinary and extraordinary maintenance, for the employed staff and for the electric power respectively, represent the 22%, 5%, 43% and 2% of the total management cost (395 milions lire per year).
  • (13) The average purchase cost of an accelerator was 1113 milions lire and the amortization cost is 111 milions lire per year.
  • (14) This goal could be achieved through a selection of significant images and examinations, considerably reducing the cost of film reproduction and allowing the amortization of a partial PACS in about 5 or 6 years.
  • (15) The EU would have to modify the fiscal compact to exempt the callable capital and allow actual losses to be amortized over a number of years.
  • (16) Exclusive of equipment costs, amortization, and data processing, the cost per study is $33.81 (Canadian), resulting in a cost of $8,277.62 for each case diagnosed.
  • (17) the readiness to bear objective as well as psychological "costs" without guarantee of amortization, is only slight.
  • (18) Excluding amortization of material and personnel costs, findings confirmed a certain number of advantages for AN: gain in time of about 34%, decrease of about 14% in charges, and notably of 83% in expenditure on films and 50% on contrast media.
  • (19) The implicity of this technique is depending however on the amortic thinking.
  • (20) Calculations of the total population exposure from nuclear medicine procedures indicate the per capita dose (amortized over the entire population) is approximately 0.4 muSv (0.04 mrem), a negligible dose compared to natural background and total medical irradiation.

Annuity


Definition:

  • (n.) A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance.

Example Sentences:

  • (1) The ABI figures revealed that the best annuity for someone who is a heavy smoker and has severely impaired health was at Prudential, which paid out 46% more than the worst, from Friends Life.
  • (2) Annuities have suffered their worst year on record, with payouts to newly retiring pensioners falling by 15% so far during 2016, according to data provider Moneyfacts.
  • (3) Only last month the Financial Conduct Authority issued a report in which it said millions of older people were getting a poor deal from Britain's multibillion-pound annuity market, with the biggest losers those with the least money put aside for their retirement.
  • (4) However, to buy an annual pension income of £1,300 via a traditional annuity that also provided an income for your spouse after you die, you would need a pension pot of roughly £25,000.
  • (5) Annuity rates so low that a pension pot running into the seven figures is required to deliver any kind of decent pension.
  • (6) People who prefer to buy an annuity could opt for a "value protected annuity": in return for an extra cost, typically 5% of the income, the policyholder can arrange for any residual money left over when they die to be paid to their beneficiaries.
  • (7) He adds: "The problem with the chancellor's decision is very simple: all the evidence indicates very few people will opt to buy an annuity under the new rules – and the assumption of 30% taking this route deployed by the Treasury in its costings appears highly optimistic.
  • (8) The insurers pay an annuity (a guaranteed annual income in retirement) of £839 a year on a savings pot of £18,000, compared to £1,099 at the best payer, Reliance Mutual.
  • (9) On average, women take out annuities at the age of 59, marginally earlier than men at 62, but both do so significantly sooner than they have to by law.
  • (10) If the recession results in interest rates remaining low for years, as many in the City are now predicting, then annuity rates will also remain at paltry levels.
  • (11) Figures from pensions provider Hargreaves Lansdown show annuity rates have plummeted since July 2008.
  • (12) Table Photograph: asdf In recent years annuity providers have begun offering better payouts to those people they think will die relatively early.
  • (13) The group sold its US life and annuity business last year for £1.7bn , as well as many other smaller overseas operations, to strengthen its balance sheet.
  • (14) The Association of British Insurers is believed to be on the verge of approving a new mandatory code of conduct for pension companies that sell pension income – also known as annuities – ensuring people will get the highest possible income in return for their pension pot.
  • (15) "Annuities may well be broken, but the answer is not to end responsible collective risk-sharing.
  • (16) By forcing long-term interest rates down and inflation up, QE1 has already increased pension fund liabilities by an estimated £74bn , while driving annuity costs to record levels.
  • (17) The chancellor said: “For many an annuity is the right product, but for some it makes sense to access their annuity now.
  • (18) Do not simply accept the annuity offered by your pension provider – shop around for the highest rate possible.
  • (19) The thinktank also suggests removing the option of taking out 25% of your pension fund as a tax free lump; instead investors would get a 5% top up to their pension pot just before they use the money to buy an annuity.
  • (20) It will also end the rules requiring compulsory annuitisation (having to buy an annuity with your pension) at 75.