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annuity

noun
/əˈnjuː.ɪ.ti/

Meaning

a fixed sum of money paid to someone each year, typically for the rest of their life

Example Sentences

She receives an annuity from her late husband's insurance policy.

Synonyms

pension, allowance, stipend, payment

Antonyms

lump sum, debt

Collocations

fixed annuity, variable annuity, annuity contract, lifetime annuity

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