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annuitya fixed sum of money paid to someone each year, typically for the rest of their life

Part of speech: NOUN

Definition: a fixed sum of money paid to someone each year, typically for the rest of their life

Pronunciation (IPA): /əˈnuːəti/

Korean meaning: 연금, 매년 지급되는 일정한 금액

Korean pronunciation: 어**뉴**이티

Example Sentences

  • My grandfather's annuity pays for his daily coffee addiction - $5 every single day!
  • The lottery winner chose the annuity option to receive payments over 30 years.
  • She jokes that her cat's expensive food budget needs its own annuity plan.

annuity

NOUN

//əˈnuːəti//

a fixed sum of money paid to someone each year, typically for the rest of their life

annuity concept
💡 Concept

An elderly woman receives her monthly annuity payment at the bank

annuity rhyme
🎵 Rhyme

Annuity funds her ingenuity, enabling generous gratuity!

🎤Pronunciation

🇺🇸 US/əˈnuːəti/
🇬🇧 UK/əˈnjuːɪti/

🌳Etymology

Rootannu
Suffix--ity

Origin

From Latin 'annus' meaning 'year', combined with the suffix '-ity' to form a noun. The word entered English through Old French and Medieval Latin, referring to a yearly payment or allowance.

🎵Rhyme

gratuityperpetuityingenuity
gratuity
perpetuity
ingenuity

🔗Collocations

retirement annuity
purchase an annuity
annuity payment
life annuity
fixed annuity
annuity contract

📝Examples

😄 Fun example

My grandfather's annuity pays for his daily coffee addiction - $5 every single day!

The lottery winner chose the annuity option to receive payments over 30 years.

😄 Fun example

She jokes that her cat's expensive food budget needs its own annuity plan.

The university established an annuity fund for emeritus professors.

📚Related Words

Synonyms

pensionallowancestipendincome

Antonyms

lump sumone-time payment

Related

insuranceretirementinvestmentdividend

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