Meaning of “joint annuity” in the English Dictionary


"joint annuity" in Business English

See all translations

joint annuitynoun [ C ]

uk us

FINANCE a type of annuity (= a fixed amount of money paid to someone every year) in which money is paid to two people, usually a husband or wife, while both are still alive, and to one person after the death of the other:

The annuity rate remains unchanged for all male, female, and joint annuities.

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