| word | annuity |
|---|---|
| definition | Money that is payable yearly or on some regular basis, or a contract providing for such payment. |
| eg_sentence | Throughout her working career she invested regularly in annuities that would support her after retirement. |
| explanation | Annuities are handy things to have when you retire, since they provide an income on an annual basis or more frequently. Annuities are normally contracts with life-insurance companies that specify that payments begin at retirement. Company pensions are traditionally doled out in the form of annuities, and sweepstakes jackpots may also come as annuities. An annuity can be a wise idea if you think you're going to live a long time; however, annuities can be tricky and should only be purchased after carefully comparing the products offered by various companies |
| IPA | əˈnuɪti |
Tags: mwvb::unit:17, mwvb::unit:17:word, mwvb::word, mwvb::word-cloze, mwvb::word-reverse, obsidian_to_anki
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