An annuity is money that comes from an investment and is paid out regularly over a fixed period of time. You can buy an insurance policy that is an annuity, or you can choose an annuity as one of your retirement fund options.
A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance.
Noun
income from capital investment paid in a series of regular payments; "his retirement fund was set up to be paid as an annuity"
n.
A sum of money, payable yearly, to continue for a given
number of years, for life, or forever; an annual allowance.
Annuity
A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance.
Usage Examples
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