noun
- plural of annuity; fixed sums of money paid to someone each year, typically for the rest of their life
Usage: finance
Examples
- The insurance company offers several types of annuities for retirement planning.
- Her grandmother left her two small annuities that provide monthly income.
- Many retirees rely on annuities to supplement their Social Security benefits.
- The financial advisor explained how annuities can provide guaranteed income.
- Variable annuities allow investors to choose from different investment options.
- Fixed annuities offer predictable payments regardless of market conditions.