annuity

Meaning (English)

a fixed sum paid to a person every year, usually out of a fund or pension

Meaning (मराठी)

वार्षिकी, दरवर्षी मिळणारी ठराविक रक्कम

Used in a sentence

Half the corpus at retirement must be used to buy an annuity under the scheme.

या योजनेनुसार निवृत्तीच्या वेळी जमा रकमेचा निम्मा भाग वार्षिकी खरेदीसाठी वापरावा लागतो.

Synonyms

pension, stipend, periodic payment

Antonyms

lump sum, one-time payment