Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “annuity”

See all translations

annuity

noun [C]
 
 
/əˈnjuːəti/ INSURANCE
a fixed amount of money paid to someone every year, usually until their death: The safety and security of an annuity give it a value that can't be measured in dollars and cents. He used $400,000 to buy an annuity that guarantees $60,000 a year of income for ten years. His contract includes annuity payments of about $19,000 per year paid in monthly installments.
→  See also deferred annuity , fixed annuity , immediate annuity , joint annuity
(Definition of annuity from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of annuity?
Add Cambridge dictionaries to your browser to your website

Definitions of “annuity” in other dictionaries

Word of the Day

christmassy

typical of Christmas, or happy because it is Christmas

Word of the Day

Cleavage proves divisive in Cambridge’s words of 2014

by Alastair Horne,
December 19, 2014
​​​​ Other dictionaries may choose faddish novelties as their words of the year, but here at Cambridge, we like to do something different. We look for the words that have seen sudden surges in searches over the course of the year – words that have been baffling users of English and driven them

Read More 

cinderella surgery noun

December 15, 2014
cosmetic surgery to the feet We have all heard of people having nose jobs, boob jobs and liposuction – but now a new trend growing in popularity in America: Cinderella surgery.

Read More