Annuity - definition, pronunciation, transcription

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Amer.  |əˈnuːətɪ|  American pronunciation of the word annuity
Brit.  |əˈnjuːɪtɪ|  British pronunciation of the word annuity

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
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