annuities Definition
- 1a fixed sum of money paid to someone each year, typically for the rest of their life
- 2an investment that provides a series of payments over a period of time
Using annuities: Examples
Take a moment to familiarize yourself with how "annuities" can be used in various situations through the following examples!
Example
He receives an annuity of $10,000 per year.
Example
She invested in an annuity that pays out over 20 years.
Example
The company offers an annuity plan for its employees.
annuities Synonyms and Antonyms
Phrases with annuities
Example
She bought an immediate annuity with her retirement savings.
Example
He invested in a fixed annuity to ensure a steady stream of income during retirement.
an annuity that pays out a variable amount of money based on the performance of the underlying investments
Example
She chose a variable annuity to potentially earn higher returns on her investment.
Origins of annuities
from Latin 'annus', meaning 'year'
Summary: annuities in Brief
An 'annuity' [əˈnjuːɪtiz] is a fixed sum of money paid to someone each year, typically for the rest of their life, or an investment that provides a series of payments over a period of time. Examples include 'He receives an annuity of $10,000 per year.' and 'She invested in an annuity that pays out over 20 years.' Types of annuities include 'immediate annuity,' 'fixed annuity,' and 'variable annuity.'
