annuity
IPA: ʌnˈuʌti
noun
- (insurance, pensions) A right to receive amounts of money regularly over a certain fixed period, in perpetuity, or, especially, over the remaining life or lives of one or more beneficiaries.
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Examples of "annuity" in Sentences
- Grantor retained annuity trusts.
- They ask for the present value of the annuity.
- Life insurance as a function of the life annuity.
- That annuity was charged to the Duchy of Cornwall.
- There is also the annuity function in finance theory.
- In 1878 he was awarded an annuity by the Royal Academy.
- Rohan was not to enjoy freely the estate and the annuity.
- As a result the annuity should be considered income to the taxpayer.
- It was created in order to administer the annuity given to the schools.
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