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This is a payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. Under an annuity certain, a specified number of payments are made, after which the annuity stops. With a contingent annuity, each payment depends on the continuance of a given status; for example, a life annuity continues only as long as the recipient survives. Contingent annuities depend on shared risk. Everyone pays in until the annuity begins; some will live long enough to collect more than they have paid, while others will not live long enough to get back the money they invested.

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Part of her retirement income will come from an annuity. his grandfather"s will provided him with an annuity of $5,000 a year to be used for school expenses
Recent Examples on the Web In addition to the prize money, there is $2.1 million in annuity bonus money up for grabs for the top-five finishers in the standings. — Todd Kelly, The Arizona Republic, 10 Nov. 2021 The 30 payments added up equal the value of the annuity. — Sarah Brookbank, The Enquirer, 29 July 2021 The credit line/annuity combination has some other advantages over the tenure payment. — Jack Guttentag, Forbes, 19 Apr. 2021 This can be as simple as making a charitable gift annuity. — Steve Parrish, Forbes, 13 Oct. 2021 Life insurance sales have been declining at Allstate since 2018 and annuity sales were discontinued in 2014. — Robert Channick, chicagotribune.com, 8 Oct. 2021 In 2019, BlackRock approached insurance firms as potential annuity providers for a new retirement product. — Dawn Lim, WSJ, 6 Oct. 2021 The winner will be able to choose between the annuity option paid over 29 years or the cash option of $496 million. — Chron, 5 Oct. 2021 The jackpot amount refers to the payout for winners who choose the annuity option, which provides 30 payments over 29 years. — CBS News, 1 Oct. 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word "annuity." Views expressed in the examples do not represent the opinion of ubraintv-jp.com or its editors. Send us feedback.

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History and Etymology for annuity

Middle English annuite, from Anglo-French annuité, from Medieval Latin annuitat-, annuitas, from Latin annuus yearly

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Time Traveler for annuity


The first known use of annuity was in the 15th century

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