annuity Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “annuity” in the English Dictionary

"annuity" in British English

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annuitynoun [C]

uk   /əˈnjuː.ə.ti/ us   /əˈnjuː.ə.t̬i/
a fixed amount of money paid to someone every year, usually until their death, or the insurance agreement or investment that provides the money that is paid: an annuity policy annuity income She receives a small annuity.
(Definition of annuity from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"annuity" in American English

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annuitynoun [C]

us   /əˈnu··t̬i/ specialized
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: A small annuity lets her travel.
(Definition of annuity from the Cambridge Academic Content Dictionary © Cambridge University Press)

"annuity" in Business English

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annuitynoun [C]

uk   /əˈnjuːəti/ us   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.
(Definition of annuity from the Cambridge Business English Dictionary © Cambridge University Press)
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