Annuity - definition, pronunciation, transcription
Amer.
|əˈnuːətɪ|
Brit.
|əˈnjuːɪtɪ|
noun
- income from capital investment paid in a series of regular payments
his retirement fund was set up to be paid as an annuity
Extra examples
Part of her retirement income will come from an annuity.
...his grandfather's will provided him with an annuity of $5,000 a year to be used for school expenses...
Word forms
noun
singular: annuity
plural: annuities
singular: annuity
plural: annuities
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