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annuity

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annuityˈnuːəti/
Britishˈnjuːəti/noun
pluralannuities
annuity
ˈnuːəti/Britishˈnjuːəti/
noun
pluralannuities
Learner's definition of ANNUITY  
[count]
: a fixed amount of money that is paid to someone each year
: an insurance policy or an investment that pays someone a fixed amount of money each year
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