The meaning of Annuities

noun

A fixed sum of money paid to someone each year, typically for the rest of their life.

Usage examples:

He left her an annuity of £1,000 in his will

noun

An amount of money paid to someone every year, usually until that person’s death, or the insurance agreement or investment that provides money that is paid this way

Usage examples:

A small annuity lets her travel.

noun

A fixed amount of money paid to someone every year, usually until their death

Usage examples:

The safety and security of an annuity give it a value that can't be measured in dollars and cents.,…