Sale of Annuities by Governments |
Common terms and phrases
activity Actuary amount annual annuity business annuity contracts annuity rates appear application attention average basis benefits British Government annuities carried Century charge consider consideration consols continued cost death deferred annuities early effect employed England expenses extended fact finance fiscal further future given Government annuity government debt government's granted immediate Income increased individual insurance companies interest interest rate invest issue largely later less lives loan loss March means measure month mortality experience national debt obligations old age operation original outstanding paid Parliament payment period perpetual pointed premium present profit proposal prove purchase raised rate of interest rates receipts received reduction reported represent require result sale of annuities scheme selected sell shows sinking fund sold stocks subscribers success terminable tontine treasury United yield