verb
- converted into or arranged as an annuity; provided with a fixed annual income or payment
Usage: chiefly British English; past tense and past participle of annuitise
Examples
- The pension was annuitised to provide the retiree with a steady monthly income.
- After annuitising her savings, she received guaranteed payments for life.
- The insurance company annuitised the lump sum into quarterly distributions.
- He annuitised part of his inheritance to ensure financial security in retirement.
- The fund was annuitised to convert the capital into regular annual payments.