noun (plural annuities)
- 1A fixed sum of money paid to someone each year, typically for the rest of their life: he left her an annuity of £1,000 in his will:More example sentences
- Until 1999, the only choice available to anyone retiring was an annuity, a fixed income for life.
- Previously, if investors wanted to reinvest the bulk of their savings, they were compelled to put the money into an annuity.
- Equitable is expected to first devise a draft proposal, designed to buy out the expensive annuity guarantees that the society can no longer afford.
- 1.1A form of insurance or investment entitling the investor to a series of annual sums: loans secured on an older person’s home which are used to purchase a life annuity [as modifier]: an annuity schemeMore example sentences
- The scandal is also enmeshing insurance companies selling variable annuities, policies that let investors pay their premiums to mutual funds.
- When you use the amortization or annuity method, you must factor in an annual interest rate.
- She says the little money she has left is in annuities at an insurance company.
annuitize (also annuitise)
- More example sentences
- By annuitizing income, Social Security is forcing people to take something they do not need, rather than giving them something that the market fails to provide.
- Once your contract is annuitized, part of each payment (from a fixed annuity) is considered a partial return of the basis (your contribution) and part is taxable income using an exclusion ratio.
- Only about 1% of variable annuities are ever annuitized.
late Middle English: from French annuité, from medieval Latin annuitas, from Latin annuus 'yearly', from annus 'year'.
More definitions of annuityDefinition of annuity in:
- The US English dictionary