| 释义 |
annuity
n. A sum of money payable annually for as long as the beneficiary (annuitant) lives, or for some other specified period (e.g. the life of another person (pur autre vie) or the minority of the annuitant). An annuity left by will is treated as a pecuniary legacy. An annuity may be charged on, or directed to be paid out of, a particular fund or it may be unsecured. A joint annuity, in which money is payable to more than one annuitant, terminates on the death of the last survivor. |