annuity
Americannoun
plural
annuities-
a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment.
-
the right to receive such an income, or the duty to make such a payment or payments.
noun
-
a fixed sum payable at specified intervals, esp annually, over a period, such as the recipient's life, or in perpetuity, in return for a premium paid either in instalments or in a single payment
-
the right to receive or the duty to pay such a sum
Discover More
Many people's retirement funds are set up to be paid in annuities.
Other Word Forms
- superannuity noun
Etymology
Origin of annuity
First recorded in 1400–50; late Middle English, from Anglo-French annuité, annualté, from Medieval Latin annuitās, equivalent to Latin annu(us) “yearly,” derivative of annus “year” + -itās -ity
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
The numbers change, but the logic doesn’t: Enduring songs behave like annuities.
High-fee investment funds, annuities with layered riders or insurance products purchased years earlier may no longer align with retirement goals.
From MarketWatch
My husband, 73, wants to sell our $300K rental and buy an annuity.
From MarketWatch
He plans to put $200,000 from the sale into an annuity.
From MarketWatch
And a lifetime-income annuity for someone turning 65 right now will pay you nearly 8% a year, no matter how long you live.
From MarketWatch
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
