fixed annuity

Definition of "fixed annuity"
  1. An agreement delivering a set payment amount for a predetermined period, often for the recipient's lifetime
How to use "fixed annuity" in a sentence
  1. He decided to invest in a fixed annuity for a steady income post retirement.
  2. The fixed annuity guaranteed her monthly payments, ensuring financial stability.
  3. Their fixed annuity provided a reliable and consistent monetary supplement during retirement.

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