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.
- su·per·an·nu·i·ty, noun, plural su·per·an·nu·i·ties.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use annuity in a sentence
The trust she used, the grantor retained annuity trust, or GRAT, morphed from exotic estate-tax dodge to routine estate planning for the wealthy.The Great Inheritors: How Three Families Shielded Their Fortunes From Taxes for Generations | by Patricia Callahan, James Bandler, Justin Elliott, Doris Burke and Jeff Ernsthausen | December 15, 2021 | ProPublica
I think many people don’t really understand annuities in the following sense.Roger Ferguson, CEO of TIAA, on Why You Shouldn’t Watch the Wild Stock Market All Day | Eben Shapiro | October 11, 2020 | Time
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.Roger Ferguson, CEO of TIAA, on Why You Shouldn’t Watch the Wild Stock Market All Day | Eben Shapiro | October 11, 2020 | Time
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.Fifty Years of Railway Life in England, Scotland and Ireland | Joseph Tatlow
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.Diary of Samuel Pepys, Complete | Samuel Pepys
She had saved her share of the annuity which the Government paid the Indians, and had about one thousand dollars in specie.Stories of Heroic Deeds for Boys and Girls | James Johonnot
For this work he received a gold medal and an annuity for life.A History of Art for Beginners and Students | Clara Erskine Clement
British Dictionary definitions for annuity
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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cultural definitions for annuity
A sum of money payable yearly or at regular intervals.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.