annuity

noun/əˈnjuːɪti/

Frequency rank: #9,023 most common English word

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.

Illustration for the English word “annuity”

Example sentence

She invested her savings in annuity that would pay her a fixed income every month after retirement.

Synonyms & related words

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