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annuity

Noun

Meaning

A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance.

Source: Webster's dictionary

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Examples

his retirement fund was set up to be paid as an annuity Source: Internet

A disallowed contribution is essentially a retirement annuity contribution that did not qualify for a deduction in terms of the annual deduction limits. Source: Internet

After George is killed, Dobbin puts together an annuity to help support Amelia, ostensibly with the help of George's fellow officers. Source: Internet

Although there were rumors that Thorpe received no money, he was paid $15,000 by Warner Bros. plus a $2,500 donation toward an annuity for him by the studio head of publicity. Source: Internet

Debts amounting to over £3 million over the course of George's reign were paid by Parliament, and the civil list annuity was increased from time to time. Source: Internet

Deduction in respect of life insurance premium, deferred annuity, contributions to provident fund (PF), subscription to certain equity shares or debentures, etc. The deduction limit is Rs 1.5 lakh together with section 80CCC and section 80CCD(1). Source: Internet

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