Annuity Meaning in English
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Definition
A sum of money paid regularly, usually every year, for a set period of time or for life, often as a part of a retirement plan.
Usage & Nuances
Mostly used in finance, insurance, and retirement contexts. An 'annuity' is not just any annual payment—it's usually a contract or investment that provides regular income, especially after retirement. Not to be confused with 'salary' or 'pension,' which are broader terms.
Example Sentences
She receives an annuity from her retirement plan every year.
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An annuity pays you a fixed amount for a certain number of years.
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He bought an annuity from the insurance company.
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Many retirees choose an annuity to ensure steady income after leaving work.
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If you invest in an annuity now, you'll get payments for life.
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The terms of your annuity depend on the type you purchase.
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