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annuity
[ uh-noo-i-tee, uh-nyoo- ]
noun
- 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.
annuity
/ əˈnjuːɪtɪ /
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
annuity
- A sum of money payable yearly or at regular intervals.
Notes
Other Words From
- super·an·nui·ty noun plural superannuities
Word History and Origins
Word History and Origins
Origin of annuity1
Example Sentences
The trust she used, the grantor retained annuity trust, or GRAT, morphed from exotic estate-tax dodge to routine estate planning for the wealthy.
I think many people don’t really understand annuities in the following sense.
Secondly, to be fair, there are some annuities that have more bells and whistles, and maybe aren’t as good as the ones that we offer.
With the remaining $1.775 million, he can buy an annuity that yields almost $89,000 - which still beats working.
There are no laurels to rest on, and no boring but steady annuity of cash that ballasts Microsoft and will for years to come.
But that $1 million is actually an annuity, which pays out about $25,000 over 40 years—before taxes.
From affluence he came to want, and in his old age a fund was raised sufficient to purchase him an annuity of £600 a year.
A Norfolk lady has left an annuity of seventy pounds for the support of her two favourite cats.
About noon comes my uncle Thomas to me to ask for his annuity, and I did tell him my mind freely.
She had saved her share of the annuity which the Government paid the Indians, and had about one thousand dollars in specie.
For this work he received a gold medal and an annuity for life.
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