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{%type%} Definitions

WordNet 3.0Copyright Princeton University
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Short "hint"

A fixed amount of money that is paid each year to someone, usually until they die. Yearly payment or income.

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Usage examples (27)
  • Mrs. Stevenson was living well off her annuity.
  • His retirement fund was set up to be paid as an annuity
  • The problem with an annuity is that it creates taxable income.
  • Buying an immediate annuity is like creating your own pension plan.
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