Meaning of “annuity” in the English Dictionary

business-english dictionary

(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)