annuity
/əˈnuːəti/
Brit
/əˈnjuːəti/
noun
plural
annuities
/əˈnuːəti/
Brit
/əˈnjuːəti/
noun
plural
annuities
Britannica Dictionary definition of ANNUITY
[count]
1
:
a fixed amount of money that is paid to someone each year
2
:
an insurance policy or an investment that pays someone a fixed amount of money each year