annuity Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “annuity” in the English Dictionary

"annuity" in British English

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annuitynoun [C]

uk   /əˈnjuː.ə.ti/  us   /-t̬i/
a ​fixedamount of ​moneypaid to someone every ​year, usually until ​theirdeath, or the insuranceagreement 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 ​moneypaid to someone every ​year, usually until that person’s ​death, or the ​insuranceagreement or ​investment that ​providesmoney 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   us   /əˈnjuːəti/ INSURANCE
a ​fixedamount of ​moneypaid 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 ​contractincludes annuity ​payments of about $19,000 ​peryearpaid in monthly ​installments.
(Definition of annuity from the Cambridge Business English Dictionary © Cambridge University Press)
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