Life annuity

Life annuity
Life Life (l[imac]f), n.; pl. {Lives} (l[imac]vz). [AS. l[imac]f; akin to D. lijf body, G. leib body, MHG. l[imac]p life, body, OHG. l[imac]b life, Icel. l[imac]f, life, body, Sw. lif, Dan. liv, and E. live, v. [root]119. See {Live}, and cf. {Alive}.] 1. The state of being which begins with generation, birth, or germination, and ends with death; also, the time during which this state continues; that state of an animal or plant in which all or any of its organs are capable of performing all or any of their functions; -- used of all animal and vegetable organisms. [1913 Webster]

2. Of human beings: The union of the soul and body; also, the duration of their union; sometimes, the deathless quality or existence of the soul; as, man is a creature having an immortal life. [1913 Webster]

She shows a body rather than a life. --Shak. [1913 Webster]

3. (Philos) The potential principle, or force, by which the organs of animals and plants are started and continued in the performance of their several and co["o]perative functions; the vital force, whether regarded as physical or spiritual. [1913 Webster]

4. Figuratively: The potential or animating principle, also, the period of duration, of anything that is conceived of as resembling a natural organism in structure or functions; as, the life of a state, a machine, or a book; authority is the life of government. [1913 Webster]

5. A certain way or manner of living with respect to conditions, circumstances, character, conduct, occupation, etc.; hence, human affairs; also, lives, considered collectively, as a distinct class or type; as, low life; a good or evil life; the life of Indians, or of miners. [1913 Webster]

That which before us lies in daily life. --Milton. [1913 Webster]

By experience of life abroad in the world. --Ascham. [1913 Webster]

Lives of great men all remind us We can make our lives sublime. --Longfellow. [1913 Webster]

'T is from high life high characters are drawn. --Pope [1913 Webster]

6. Animation; spirit; vivacity; vigor; energy. [1913 Webster]

No notion of life and fire in fancy and in words. --Felton. [1913 Webster]

That gives thy gestures grace and life. --Wordsworth. [1913 Webster]

7. That which imparts or excites spirit or vigor; that upon which enjoyment or success depends; as, he was the life of the company, or of the enterprise. [1913 Webster]

8. The living or actual form, person, thing, or state; as, a picture or a description from, the life. [1913 Webster]

9. A person; a living being, usually a human being; as, many lives were sacrificed. [1913 Webster]

10. The system of animal nature; animals in general, or considered collectively. [1913 Webster]

Full nature swarms with life. --Thomson. [1913 Webster]

11. An essential constituent of life, esp: the blood. [1913 Webster]

The words that I speak unto you . . . they are life. --John vi. 63. [1913 Webster]

The warm life came issuing through the wound. --Pope [1913 Webster]

12. A history of the acts and events of a life; a biography; as, Johnson wrote the life of Milton. [1913 Webster]

13. Enjoyment in the right use of the powers; especially, a spiritual existence; happiness in the favor of God; heavenly felicity. [1913 Webster]

14. Something dear to one as one's existence; a darling; -- used as a term of endearment. [1913 Webster]

Note: Life forms the first part of many compounds, for the most part of obvious meaning; as, life-giving, life-sustaining, etc. [1913 Webster]

{Life annuity}, an annuity payable during one's life.

{Life arrow}, {Life rocket}, {Life shot}, an arrow, rocket, or shot, for carrying an attached line to a vessel in distress in order to save life.

{Life assurance}. See {Life insurance}, below.

{Life buoy}. See {Buoy}.

{Life car}, a water-tight boat or box, traveling on a line from a wrecked vessel to the shore. In it person are hauled through the waves and surf.

{Life drop}, a drop of vital blood. --Byron.

{Life estate} (Law), an estate which is held during the term of some certain person's life, but does not pass by inheritance.

{Life everlasting} (Bot.), a plant with white or yellow persistent scales about the heads of the flowers, as {Antennaria}, and {Gnaphalium}; cudweed.

{Life of an execution} (Law), the period when an execution is in force, or before it expires.

{Life guard}. (Mil.) See under {Guard}.

{Life insurance}, the act or system of insuring against death; a contract by which the insurer undertakes, in consideration of the payment of a premium (usually at stated periods), to pay a stipulated sum in the event of the death of the insured or of a third person in whose life the insured has an interest.

{Life interest}, an estate or interest which lasts during one's life, or the life of another person, but does not pass by inheritance.

{Life land} (Law), land held by lease for the term of a life or lives.

{Life line}. (a) (Naut.) A line along any part of a vessel for the security of sailors. (b) A line attached to a life boat, or to any life saving apparatus, to be grasped by a person in the water.

{Life rate}, rate of premium for insuring a life.

{Life rent}, the rent of a life estate; rent or property to which one is entitled during one's life.

{Life school}, a school for artists in which they model, paint, or draw from living models.

{Lifetable}, a table showing the probability of life at different ages.

{To lose one's life}, to die.

{To seek the life of}, to seek to kill.

{To the life}, so as closely to resemble the living person or the subject; as, the portrait was drawn to the life. [1913 Webster]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • life annuity — see annuity Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Life annuity — The life annuity is a financial contract according to which a seller (issuer) typically a financial institution such as a life insurance company makes a series of payments in the future to the buyer (annuitant) in exchange for the immediate… …   Wikipedia

  • life annuity — noun : an annuity payable during the lifetime of the annuitant called also single life annuity; compare annuity, joint life annuity, joint life and survivor annuity * * * Insurance. any annuity that is contingent upon the survival of the… …   Useful english dictionary

  • Life Annuity — An insurance product that features a predetermined periodic payout amount until the death of the annuitant. These products are most frequently used to help retirees budget their money after retirement. Typically, the annuitant pays into the… …   Investment dictionary

  • life annuity — Insurance. any annuity that is contingent upon the survival of the annuitant or annuitants, esp. an annuity that terminates with the death of a single annuitant. * * * …   Universalium

  • life annuity — An annuity that pays a fixed amount for the lifetime of the annuitant. Bloomberg Financial Dictionary …   Financial and business terms

  • life annuity — An annuity that ceases to be paid on the death of a specified person, which may or may not be the annuitant …   Big dictionary of business and management

  • life annuity — An obligation to pay to a specified person a specified sum each year during the remainder of lifetime. See annuity …   Ballentine's law dictionary

  • Whole Life Annuity Due — A financial product sold by insurance companies that requires annuity payments at the beginning of each monthly, quarterly or annual period, as opposed to at the end of the period. A whole life annuity due is a type of annuity that will provide… …   Investment dictionary

  • single life annuity — An annuity covering one person. A straight life annuity provides payments until death, while a life annuity with a guaranteed period provides payments until death or continues payments to a beneficiary for a guaranteed term, such as ten years.… …   Financial and business terms

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