annuity
Americannoun
plural
annuities-
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.
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
Discover More
Many people's retirement funds are set up to be paid in annuities.
Other Word Forms
- superannuity noun
Etymology
Origin of annuity
First recorded in 1400–50; late Middle English, from Anglo-French annuité, annualté, from Medieval Latin annuitās, equivalent to Latin annu(us) “yearly,” derivative of annus “year” + -itās -ity
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
When researching annuities, consider how much you must invest and how you’ll access your funds, and look at ratings on resources like Annuities.org.
From MarketWatch
The rule also validates the inclusion of lifetime income solutions, such as annuities, for American workers who need predictability in retirement.
“Medicaid compliant annuities give fixed monthly payments to the well spouse, supplementing their income or Social Security benefits,” it says.
From MarketWatch
You can do better — much better — when you retire if you are prepared to put your money into a life income annuity.
From MarketWatch
My adviser said to sell and buy annuities, but I ate $80K in fees.
From MarketWatch
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
