annuities
n. plural-onlyn. fixed amounts of money paid to someone every year, usually for the rest of their life. People often buy these with their savings to have a steady income after they stop working.
n. fixed sums of money paid to a recipient at regular intervals, typically for life. Often refers to financial products purchased to provide a guaranteed income stream during retirement.
He receives monthly payments from his annuities.
After retiring from the firm, she invested her pension pot into several annuities to ensure a stable monthly income.
Financial advisors often debate the merits of fixed versus variable annuities, weighing the security of guaranteed payments against the potential for higher returns in fluctuating markets.
While the singular 'annuity' refers to the financial contract, the plural form 'annuities' is frequently used to discuss a person's general retirement income or a class of investments.