Annuity (Noun)
Meaning
Income from capital investment paid in a series of regular payments; "his retirement fund was set up to be paid as an annuity".
Classification
Nouns denoting possession and transfer of possession.
Examples
- The insurance company offered a guaranteed annuity to investors who purchased their policy.
- She invested her inheritance in a fixed annuity that would provide her with a steady income stream for the rest of her life.
- The pension fund was structured as an annuity, paying out a set amount to each retiree every month.
- After winning the lottery, he opted to take the prize as an annuity, receiving a large annual payment for the next 20 years.
- The couple purchased a variable annuity as part of their retirement planning, hoping to grow their nest egg over time.