noun

annuity

uh-NOO-ih-tee

noun

A fixed sum of money paid to someone at regular intervals, often for the rest of their life, usually as part of a retirement or investment plan.

"He used part of his pension to buy an annuity that pays him monthly."

"The annuity guarantees her a steady income after retirement."

How to Use Annuity

Learner’s notes

In plain EnglishA financial product that pays out a fixed amount regularly, often used for retirement income.

Common pairings

buy an annuity annuity payment retirement annuity

annuities plural

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He used part of his pension to buy an _____ that pays him monthly.

From French annuité, from Medieval Latin annuitas, based on Latin annuus, "yearly."

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