Definitions of "annuity"
  1. A sum of money that's regularly paid to a person or party for an agreed or uncertain period of time, such as annually or quarterly
  2. The process of providing or obtaining the rights to collect periodic payments
  3. An agreement, often with an insurance company, where one or multiple people get routine payments in exchange for prior lump-sum payments made by them or another party, such as an employer
How to use "annuity" in a sentence
  1. Upon retirement at a fairly ripe age, Susan received an annuity, ensuring she had a reliable income stream.
  2. The lottery winner chose to receive his prize as an annuity, spreading the prize money over a series of years to guarantee steady income.
  3. The company offers a retirement plan which includes an annuity to support its employees financially after their service.

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