1. converting a lump sum of money into an annuity; arranging for regular periodic payments in exchange for a capital sum
Usage: chiefly British English; North American equivalent is 'annuitizing'; finance/insurance terminology

Examples

• The retiree decided on annuitising her pension pot to secure a steady income for life.
• Many investors are annuitising their savings to protect against market volatility.
• The financial advisor recommended annuitising at least part of the inheritance.
• After annuitising the lump sum, she received monthly payments guaranteed for 20 years.
• The company offers tools to help clients understand the benefits of annuitising their retirement funds.