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annuity

/əˈn(j)uɪti/

Meanings
noun
A right to receive amounts of money regularly over a certain fixed period, in perpetuity, or, especially, over the remaining life or lives of one or more beneficiaries.

Examples :

"My grandmother received a monthly annuity from her retirement savings, ensuring a regular income for the rest of her life. "
finance business insurance economy asset

Related Words

Illustration perpetuity

perpetuity noun

/ˌpɜːrpɪˈtjuːɪti/ /ˌpɜːrpəˈtjuːɪti/

The quality or state of being perpetual; endless duration; uninterrupted existence.

"The wealthy family established a trust fund to ensure the park's upkeep in perpetuity. "

Illustration retirement

retirement noun

/ɹəˈtaɪə(ɹ).mənt/

An act of retiring; withdrawal.

"After 30 years of teaching, Mr. Smith's retirement was a significant event for the whole school. "

Illustration remaining

remaining verb

/ɹɪˈmeɪnɪŋ/

To stay behind while others withdraw; to be left after others have been removed or destroyed; to be left after a number or quantity has been subtracted or cut off; to be left as not included or comprised.

"After the field trip, only a few students remained in the classroom. "

Illustration grandmother

grandmother noun

/ˈɡɹæn(d)ˌmʌðə(r)/ /ˈɡɹæn(d)ˌmʌðɚ/

A mother of someone's parent.

"My grandmother taught me how to bake cookies when I was a child. "

Illustration regularly

regularly adverb

/ˈɹɛɡjəli/ /ˈɹɛɡjəlɚli/

With constant frequency or pattern.

"My brother regularly takes the bus to school. "

Illustration received

received verb

/ɹɪˈsiːvd/

To take, as something that is offered, given, committed, sent, paid, etc.; to accept; to be given something.

"She received many presents for her birthday."

Illustration especially

especially adverb

/əˈspɛʃ(ə)li/

(manner) In a special manner; specially.

"My sister is very helpful, especially when it comes to organizing things. "

Illustration beneficiaries

beneficiaries noun

/ˌbɛnəˈfɪʃieriːz/ /ˌbɛnəˈfɪʃiɛriːz/

One who benefits or receives an advantage.

"You are the lucky beneficiary of this special offer."

Illustration certain

certain noun

/ˈsɝtn̩/ /ˈsɜːtn̩/

(with "the") Something certain.

"The certain success of the project was a relief to the team. "

Illustration receive

receive noun

/ɹɪˈsiːv/

An operation in which data is received.

"The data receive from the sensor showed a temperature increase. "

Illustration amounts

amounts noun

/əˈmaʊnts/

The total, aggregate or sum of material (not applicable to discrete numbers or units or items in standard English).

"The amount of atmospheric pollution threatens a health crisis."

Illustration ensuring

ensuring verb

/ɪnˈʃɔːɹɪŋ/ /ɪnˈʃɝɪŋ/

To make a pledge to (someone); to promise, guarantee (someone of something); to assure.

"My parents are ensuring my younger sister gets to school on time every day. "