A yearly payment, usually paid by an insurance company to an insured. The annuity may be for a certain specified number of years or for life.
n. 1) an annual sum paid from a policy or gift. 2) short for a purchased annuity policy which will pay dividends to the owner regularly for years or for life.
© Copyright 2025 Untagged Limited. - Legalese.co.uk - This domain and website are for sale.