Meaning of “retirement annuity” in the English Dictionary

business-english dictionary

"retirement annuity" in Business English

See all translations

retirement annuitynoun [ C ]

uk us INSURANCE, FINANCE

an arrangement with an insurance company in which a fixed amount of money is paid to someone every year after they stop working:

Choosing the right retirement annuity can be as important a decision as buying a new home.

Compare

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