Meaning of “annuitant” in the English Dictionary

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"annuitant" in Business English

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annuitantnoun [ C ]

uk /əˈnjuːɪtənt/ us

LAW someone who receives an annuity (= a fixed amount of money paid to someone every year, usually until their death):

Yields are reduced for female policyholders because they are likely to live longer than male annuitants.

(Definition of “annuitant” from the Cambridge Business English Dictionary © Cambridge University Press)