annuity
noun/əˈnjuːɪti/
Frequency rank: #9,023 of 20,003 in the WORDED list (wordfreq data)
Meaning
A fixed sum of money paid to someone each year, typically for the rest of their life, as part of an insurance or investment plan.
Example sentence
She invested her savings in this annuity that would pay her a fixed income every month after retirement.
Synonyms & related words
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