Meaning of the word annuity in English

What does annuity mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

annuity

US /əˈnjuː.ə.t̬i/

UK /əˈnjuː.ə.t̬i/

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

Example:

•

She receives an annuity from her retirement fund.

•

Many people invest in annuities for a steady income in retirement.

Synonym:

pension stipend allowance grant income

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