TERMIUM Plus®
The Government of Canada’s terminology and linguistic data bank.
EQUITY ANNUITY [2 records]
Record 1 - internal organization data 2003-01-13
Record 1, English
Record 1, Subject field(s)
- Employment Benefits
- Life Insurance
- National Accounting
Record 1, Main entry term, English
- net equity of households
1, record 1, English, net%20equity%20of%20households
correct
Record 1, Abbreviations, English
Record 1, Synonyms, English
Record 1, Textual support, English
Record number: 1, Textual support number: 1 CONT
Net equity of households in life insurance reserves and in pension funds consists of reserves held against life insurance and annuity policies by insurance enterprises, whether mutual or incorporated, and by pension funds; these reserves are considered to be assets of the policyholders and not of the institutional units that manage them. 1, record 1, English, - net%20equity%20of%20households
Record 1, Key term(s)
- net equity
Record 1, French
Record 1, Domaine(s)
- Avantages sociaux
- Assurance sur la vie
- Comptabilité nationale
Record 1, Main entry term, French
- droits nets des ménages
1, record 1, French, droits%20nets%20des%20m%C3%A9nages
correct, masculine noun, plural
Record 1, Abbreviations, French
Record 1, Synonyms, French
Record 1, Textual support, French
Record number: 1, Textual support number: 1 CONT
Les droits nets des ménages sur les réserves techniques d'assurance-vie et sur les fonds de pension sont les réserves constituées par les sociétés d'assurance mutuelle ou autres et par les fonds de pension pour couvrir l'exécution des contrats d'assurance-vie et de vente; ces réserves sont réputées appartenir aux assurés et non aux unités institutionnelles qui le gèrent. 1, record 1, French, - droits%20nets%20des%20m%C3%A9nages
Record number: 1, Textual support number: 1 OBS
Terme généralement utilisé dans la forme plurielle. 2, record 1, French, - droits%20nets%20des%20m%C3%A9nages
Record 1, Key term(s)
- droit net des ménages
Record 1, Spanish
Record 1, Textual support, Spanish
Record 2 - internal organization data 1989-06-12
Record 2, English
Record 2, Subject field(s)
- Loans
- Law of Obligations (civil law)
- Real Estate
Record 2, Main entry term, English
- split equity contract
1, record 2, English, split%20equity%20contract
correct
Record 2, Abbreviations, English
Record 2, Synonyms, English
Record 2, Textual support, English
Record number: 2, Textual support number: 1 CONT
Split Equity Contract similar to the en viager method used in France, involves the actual sale of the property by the homeowner. There is no mortgage. The homeowner retains the right to rent-free occupancy for a specified number of years or life. The purchase price would be determined by the expected future value of the property discounted by its rent-free use, interest, and the specific or expected time lapse before actual possession. This could be a life mortality consideration. The proceeds of the sale could be invested to yield income or, alternatively, used to buy a Life Annuity from an insurance company. 2, record 2, English, - split%20equity%20contract
Record 2, French
Record 2, Domaine(s)
- Prêts et emprunts
- Droit des obligations (droit civil)
- Immobilier
Record 2, Main entry term, French
- rente hypothécaire en viager
1, record 2, French, rente%20hypoth%C3%A9caire%20en%20viager
correct, feminine noun
Record 2, Abbreviations, French
Record 2, Synonyms, French
Record 2, Textual support, French
Record 2, Spanish
Record 2, Textual support, Spanish
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