How Do You Spell ANNUITY?
Pronunciation: [ɐnjˈuːɪti] (IPA) 
Correct spelling for the English word "annuity" is [ɐnjˈuːɪti], [ɐnjˈuːɪti], [ɐ_n_j_ˈuː_ɪ_t_i] (IPA phonetic alphabet).
Pronunciation: [ɐnjˈuːɪti] (IPA)
Correct spelling for the English word "annuity" is [ɐnjˈuːɪti], [ɐnjˈuːɪti], [ɐ_n_j_ˈuː_ɪ_t_i] (IPA phonetic alphabet).
An annuity is a type of financial contract or investment product that provides a series of periodic payments to an individual or entity for a specified period of time, typically for retirement income. It is essentially an agreement between an individual and an insurance company, whereby the individual makes either a lump sum payment or a series of premium payments to the insurance company, which in turn guarantees regular payments to the individual in the future.
These regular payments, known as annuity payments, can be made monthly, quarterly, yearly, or on any other agreed-upon schedule. The amount of each payment is determined by various factors, including the size of the initial investment, the length of the annuity term, and the prevailing interest rates at the time of purchase.
Annuities come in different forms, including fixed annuities, variable annuities, and indexed annuities. Fixed annuities provide a guaranteed rate of return, whereas variable annuities allow the investor to allocate funds to different investment options, subject to market performance. Indexed annuities offer a return linked to the performance of a specified index, such as the stock market.
Annuities are commonly used as a way to accumulate funds for retirement or to provide a steady stream of income during retirement. They are often considered as a long-term investment strategy due to their tax-deferred growth potential and the ability to provide a stable income stream in retirement. However, it is important for individuals to carefully evaluate the terms, fees, and potential risks associated with annuity contracts before making a decision to invest.
A definite sum of money paid annually to a designated person.
A practical medical dictionary. By Stedman, Thomas Lathrop. Published 1920.
A fixed sum of money paid every year.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
The word "annuity" originated from the Latin term "annuitas", which is a combination of the words "annus" meaning "year" and "-itas" denoting "state" or "condition". The term was first used in ancient Rome to describe an annual grant or payment, typically made by the government or a wealthy individual to a recipient over a fixed period of time. Over time, the word evolved and was further incorporated into old French as "annuité" before eventually becoming "annuity" in English.
