annuity
- 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
- The process of providing or obtaining the rights to collect periodic payments
- 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
- Upon retirement at a fairly ripe age, Susan received an annuity, ensuring she had a reliable income stream.
- The lottery winner chose to receive his prize as an annuity, spreading the prize money over a series of years to guarantee steady income.
- The company offers a retirement plan which includes an annuity to support its employees financially after their service.
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