Annuality
Definition
A fundamental budgetary and legal principle according to which public revenues and expenditures, administrative acts, or financial contracts are authorized, executed, and evaluated for a strict period of one year; a sum of money paid periodically, at one-year intervals, to settle a debt or under an annuity contract.
Bilingual Equivalents
- Annuality
- Principle of annuality
Grammatical & Source Details
| Inflection Type | Feminine noun, regular plural forms and standard oblique case variations. |
| Formation | Neologism modeled after French 'annualité', tracking back to the core concept of a yearly cycle. |
| Spelling / Pronunciation | [a.nu.a.li.ˈta.te] |
| Source | Glossary of Public Accounting Standards and Legal Jurisprudence |
Contextual Usage Examples
RO: Respectarea regulii de anualitate obligă ministerele să cheltuiască fondurile alocate înainte de sfârșitul anului fiscal.
EN: Compliance with the rule of annuality forces ministries to spend allocated funds before the end of the fiscal year.
RO: Contractul de credit prevede o anualitate fixă care include atât rambursarea capitalului, cât și dobânda aferentă.
EN: The loan agreement provides for a fixed annuality that includes both the capital repayment and the related interest.
RO: Curtea de Conturi a constatat o încălcare a regulii de anualitate prin reportarea neautorizată a unor credite bugetare.
EN: The Court of Auditors found a breach of the annuality rule through the unauthorized carrying forward of budgetary credits.
Idioms & Phrases
Anualitate bugetară / Budgetary annuality
RO: Regulă financiară care cere ca bugetul de stat să fie votat și executat pentru un singur exercițiu de douăsprezece luni.
EN: A financial rule requiring the state budget to be voted on and executed for a single twelve-month exercise.
Anualitate de rambursare / Repayment annuity
RO: Sumă totală datorată anual de un împrumutat către bancă pentru stingerea treptată a unui credit comercial.
EN: The total amount owed annually by a borrower to a bank for the gradual liquidation of a commercial loan.
Excepție de la anualitate / Exception to annuality
RO: Prevedere legală specială care permite finanțarea unor proiecte multianuale dincolo de limitele unui singur an fiscal.
EN: A special legal provision allowing the funding of multi-year projects beyond the limits of a single fiscal year.
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