Life Annuity
A life annuity is an annuity, or series of payments at fixed intervals, paid while the purchaser (or annuitant) is alive. The majority of life annuities are insurance products sold or issued by life insurance companies however substantial case law indicates that annuity products are not necessarily insurance products. Annuities can be purchased to provide an income during retirement, or originate from a ''structured settlement'' of a personal injury lawsuit. Life annuities may be sold in exchange for the immediate payment of a lump sum (singlepayment annuity) or a series of regular payments (flexible payment annuity), prior to the onset of the annuity. The payment stream from the issuer to the annuitant has an unknown duration based principally upon the date of death of the annuitant. At this point the contract will terminate and the remainder of the fund accumulated is forfeited unless there are other annuitants or beneficiaries in the contract. Thus a life annuity is a form o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] 

Annuity
In investment, an annuity is a series of payments made at equal intervals.Kellison, Stephen G. (1970). ''The Theory of Interest''. Homewood, Illinois: Richard D. Irwin, Inc. p. 45 Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments. Annuities can be classified by the frequency of payment dates. The payments (deposits) may be made weekly, monthly, quarterly, yearly, or at any other regular interval of time. Annuities may be calculated by mathematical functions known as "annuity functions". An annuity which provides for payments for the remainder of a person's lifetime is a life annuity. Types Annuities may be classified in several ways. Timing of payments Payments of an ''annuityimmediate'' are made at the end of payment periods, so that interest accrues between the issue of the annuity and the first payment. Payments of an ''annuitydue'' are made at the beginning of payment periods ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] 

HôtelDieu De Paris
In Frenchspeaking countries, a hôtelDieu ( en, hostel of God) was originally a hospital for the poor and needy, run by the Catholic Church. Nowadays these buildings or institutions have either kept their function as a hospital, the one in Paris being the oldest and most renowned, or have been converted into hotels, museums, or general purpose buildings (for instance housing a préfecture, the administrative head office of a French department). Therefore, as a secondary meaning, the term hôtelDieu can also refer to the building itself, even if it no longer houses a hospital. Examples include: ;Belgium * Notre Dame à la Rose, founded in 1242 ;France *HôtelDieu d'Angers, founded in 1153 *HôtelDieu de Beaune, founded in 1443 *HôtelDieu of Carpentras, built in 1754 *HôtelDieu of ChâteauThierry, founded in 1304 *HôtelDieu of Cluny, built in the 17th and 18th century *HôtelDieu de Lyon, created in 1478 *HôtelDieu of Nantes, completed in 1508 *HôtelDieu de Paris, fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] 

Probability
Probability is the branch of mathematics concerning numerical descriptions of how likely an Event (probability theory), event is to occur, or how likely it is that a proposition is true. The probability of an event is a number between 0 and 1, where, roughly speaking, 0 indicates impossibility of the event and 1 indicates certainty."Kendall's Advanced Theory of Statistics, Volume 1: Distribution Theory", Alan Stuart and Keith Ord, 6th Ed, (2009), .William Feller, ''An Introduction to Probability Theory and Its Applications'', (Vol 1), 3rd Ed, (1968), Wiley, . The higher the probability of an event, the more likely it is that the event will occur. A simple example is the tossing of a fair (unbiased) coin. Since the coin is fair, the two outcomes ("heads" and "tails") are both equally probable; the probability of "heads" equals the probability of "tails"; and since no other outcomes are possible, the probability of either "heads" or "tails" is 1/2 (which could also be written ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] 

Actuarial Present Value
The actuarial present value (APV) is the expected value of the present value of a contingent cash flow stream (i.e. a series of payments which may or may not be made). Actuarial present values are typically calculated for the benefitpayment or series of payments associated with life insurance and life annuities. The probability of a future payment is based on assumptions about the person's future mortality which is typically estimated using a life table. Life insurance Whole life insurance pays a predetermined benefit either at or soon after the insured's death. The symbol ''(x)'' is used to denote "a life aged ''x''" where ''x'' is a nonrandom parameter that is assumed to be greater than zero. The actuarial present value of one unit of whole life insurance issued to ''(x)'' is denoted by the symbol \,A_x or \,\overline_x in actuarial notation. Let ''G>0'' (the "age at death") be the random variable that models the age at which an individual, such as ''(x)'', will die. And let ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] 

Valuation (finance)
In finance, valuation is the process of determining the present value (PV) of an asset. In a business context, it is often the hypothetical price that a third party would pay for a given asset. Valuations can be done on assets (for example, investments in marketable securities such as companies' shares and related rights, business enterprises, or intangible assets such as patents, data and trademarks) or on liabilities (e.g., bonds issued by a company). Valuations are needed for many reasons such as investment analysis, capital budgeting, merger and acquisition transactions, financial reporting, taxable events to determine the proper tax liability. Valuation overview Common terms for the value of an asset or liability are market value, fair value, and Intrinsic value (finance), intrinsic value. The meanings of these terms differ. For instance, when an analyst believes a stock's intrinsic value is greater (or less) than its market price, an analyst makes a "buy" (or "sell") reco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] 