annuitizationn.
/əˌnjuːᵻtʌɪˈzeɪʃn/, U.S. /əˌn(j)uədəˈzeɪʃən/, /əˌn(j)uəˌtaɪˈzeɪʃən/ Finance.
The action or fact of converting an investment into an annuity or series of regular payments.
ΚΠ
1968 Amer. Econ. Rev. 58 1318 We shall arbitrarily base our calculations on the assumption of lifetime annuitization of net worth with no estate exclusion.
1984 Best's Rev. Sept. (Life-Health Insurance Ed.) 124/3 The deductible portion of any other amount credited to either a pension fund or deferred annuity (before annuitization).
1989 Toronto Star 20 Jan. c8 Partial annuitization of your RRSP could give your wife a fixed income.
2006 N.Y. Times (National ed.) 11 Apr. e5/1 Annuitization is the only way you can get a lifetime guarantee that you won't run out of money.
This is a new entry (OED Third Edition, June 2022).
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n.1968