a fixed sum payable at specified intervals, esp annually, over a period, such as the recipient's life, or in perpetuity, in return for a premium paid either in instalments or in a single payment
2.
the right to receive or the duty to pay such a sum
Word origin
C15: from French annuité, from Medieval Latin annuitās, from Latin annuusannual
Examples of 'annuities' in a sentence
annuities
Low yields are also hammering purchasers of annuities.
Times, Sunday Times (2011)
More than 400,000 people buy annuities every year.
Times, Sunday Times (2013)
However, with index-linked annuities, income increases every year in line with inflation.
Times, Sunday Times (2009)
It got us mandatory annuities and a lot of dissatisfied people.
Times, Sunday Times (2015)
Nonetheless, they levy a 1% charge on all annuities.
Times, Sunday Times (2012)
As more people take enhanced annuities, standard payouts fall to cover the cost.
Times, Sunday Times (2012)
Only 37,000 with-profits annuities policyholders will be fully compensated.
Times, Sunday Times (2012)
Good advice can make a huge difference when buying annuities.
Times, Sunday Times (2012)
All these factors could combine to make conventional annuities even more expensive.
Times, Sunday Times (2012)
Pensions and annuities are extremely long-term businesses.
Times, Sunday Times (2012)
All related terms of 'annuities'
annuity
An annuity is an investment or insurance policy that pays someone a fixed sum of money each year .
bank annuities
British government bonds ; consols
bank annuity
an irredeemable British government security carrying an annual interest rate of two and a half or four per cent
life annuity
an annuity that pays out regularly for the life of its owner
deferred annuity
an annuity that commences not less than one year after the final purchase premium
immediate annuity
an annuity that starts less than a year after its purchase
standard annuity
A standard annuity is a retirement investment insurance contract that pays a regular income in return for a lump sum payment.
variable annuity
an annuity in which the premiums are invested chiefly in common stocks or other securities , the annuitant receiving payments based on the yield of the investments instead of in fixed amounts
joint life annuity
A joint life annuity is a life insurance policy that pays a benefit that continues throughout the joint lifetime of two people until one of them dies.
single life annuity
A single life annuity is an annuity where only one life is covered .
consol
an irredeemable British government security carrying an annual interest rate of two and a half or four per cent