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

"fixed annuity" in Business English

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fixed annuitynoun [C]

uk   us   also fixed-rate annuity INSURANCE
an annuity (= contract someone agrees with an insurance company to be paid an amount of money regularly) for which the payment amount remains the same for the period of the annuity: At the moment, most retired people who want to top up their Social Security income prefer to buy fixed-rate annuities.
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(Definition of fixed annuity from the Cambridge Business English Dictionary © Cambridge University Press)
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