<p><strong>Noun</strong></p><ul><li>a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment</li><li>the right to receive such an income, or the duty to make such a payment or payments</li></ul><p><strong>Plural</strong></p><ul><li>annuities</li></ul>