Meaning & use
Annuities
Last updated
Financial products that provide a series of regular payments made at fixed intervals, often used as retirement income.
See it in a sentence
He invested part of his savings in annuities to guarantee steady income after retirement.
The insurance company sells several types of annuities with different payout schedules.
A note on using this word
Plural of 'annuity,' from Latin 'annus,' meaning 'year,' reflecting the annual nature of the payments.
Words with a similar meaning
pensionsfixed income plans
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