Meaning | income from capital investment paid in a series of regular payments. |
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Example | "his retirement fund was set up to be paid as an annuity" |
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Synonym | rente |
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Narrower | annuity in advance | An annuity paid in a series of more or less equal payments at the beginning of equally spaced periods |
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ordinary annuity | An annuity paid in a series of more or less equal payments at the end of equally spaced periods |
reversionary annuity, survivorship annuity | An annuity payable to one person in the event that someone else is unable to receive it |
tontine | An annuity scheme wherein participants share certain benefits and on the death of any participant his benefits are redistributed among the remaining participants |
Broader | regular payment | A payment made at regular times |
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Spanish | anualidad |
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Catalan | anualitat |
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