Annuity

usgb/əˈnuːəti/
noun

A fixed amount of money paid to someone each year, typically for the rest of their life.

After retiring, he invested in an annuity to ensure a stable income.
Visual representation of "annuity" - A fixed amount of money paid to someone each year, typically for the rest of their life.

Often appears as...

  • buy an annuity
  • life annuity

Usage tips

Formal

Technical

Definition 1 of 2
Visual representation of "annuity"
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Constant Income

An annuity ensures a person receives a steady income, often after retirement.

Illustration for Constant Income
Her annuity provides her a certain amount each month like clockwork.
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Lifetime Payments

Annuites are often associated with life-long financial security.

Illustration for Lifetime Payments
Grandfather's annuity guarantees him money for the rest of his life.
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Financial Planning

An annuity is a tool for managing long-term finances, especially for old age.

Illustration for Financial Planning
He bought an annuity to secure his financial future after retirement.
Visual representation of the word "Annuity"

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