Annuity – A fixed sum of money paid to someone on a regular basis, usually for the rest of their life
(Pronounced ah-nyoo-ah-tee)
To remember the definition of the word annuity, use the following mnemonic:
A new city (annuity) is what they wanted her to move to, but she said: "Only if you pay me for the rest of my life."
Examples of annuity in a sentence
Part of her retirement income will come from an annuity.
In 1850 he received an annuity of £100 from the civil list.
My rehab wasn't fully covered by insurance and most of the money is in an annuity I draw each month.
