annuity

B2 Topic:Personal Finance

US /əˈn(j)uɪti/ UK /əˈnjuːɪti/ See IPA manual

Freq #46241

Meanings

1

noun
a fixed amount of money paid to someone regularly, often yearly or for life

The pension was converted into an annuity.
2

noun
the right to receive regular payments from an investment or contract

She bought an annuity to provide income after retirement.

Thesaurus

Synonyms

1 noun · a fixed amount of money... regular paymentpension payment

2 noun · the right to receive... income streamrente

Word family

Derived forms annuities

Related forms annual pension investment

Appears in

Phrases (1)

See all

survivorship annuity
an annuity that pays a surviving beneficiary after another beneficiary dies

Noun + noun

Etymology

From French annuite, from Medieval Latin annuitas and Latin annuus, "yearly." The word keeps the yearly-payment idea even when payments are made on another regular schedule.

Topics

Personal Finance Money & Finance

External links

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