1. a fixed sum of money paid to someone each year, typically for the rest of their life
Usage: finance
2. an investment product that provides regular payments over a specified period
Usage: finance; insurance

Examples

• She receives a monthly annuity from her retirement fund.
• The insurance company offers several annuity options for retirees.
• His grandfather left him an annuity that pays $500 per month.
• They purchased an annuity to ensure steady income during retirement.
• The annuity will provide payments for the next twenty years.
• Many people invest in annuities as part of their retirement planning.