Scrabble Dictionary
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Annuity
əˈnjuːɪti
Annuity definitions
noun
annuities
annuity
- a fixed sum of money paid to someone each year, typically for the rest of their life
"he left her an annuity of £1,000 in his will"
payment pocket money sum of money remittance contribution consideration handout grant subsidy maintenance financial support subsistence benefit stipend pension annuity keep upkeep expenses- a form of insurance or investment entitling the investor to a series of annual sums
"loans secured on an older person's home which are used to purchase a life annuity"