Annuitized is a term that is commonly used in the field of finance and insurance. It refers to a financial product or investment that provides a fixed income or payment over a specified period of time. In this article, we will explore the definition and meaning of annuitized, its origin, associations, synonyms, antonyms, and examples of its usage in sentences.
Definitions
Annuitized is an adjective that is used to describe a financial product or investment that provides a fixed income or payment over a specified period of time. It is often used in the context of annuities, which are financial products that provide a regular income stream in exchange for a lump sum payment or a series of payments.
Origin
The word annuitized is derived from the Latin word “annua,” which means “annual payment.” The term annuity has been used in the financial industry for centuries, and the concept of annuitization has been around since the Roman Empire. However, the modern usage of the term annuitized dates back to the 20th century.
Meaning in different dictionaries
According to Merriam-Webster, annuitized means “to convert (an investment or savings account) into an annuity.” The Oxford English Dictionary defines it as “to provide a fixed income or payment over a specified period of time.” The Cambridge Dictionary defines it as “to make regular payments to someone from a sum of money that has been invested.”
Associations
Annuitized is often associated with annuities, which are financial products that provide a regular income stream in exchange for a lump sum payment or a series of payments. It is also associated with retirement planning, as annuities are often used as a way to provide a steady income stream during retirement.
Synonyms
Some synonyms of annuitized include:
- Annuity.
- Regular payment.
- Fixed income.
- Guaranteed income.
- Payout.
Antonyms
Some antonyms of annuitized include:
- Variable income.
- One-time payment.
- Lump sum payment.
- Non-guaranteed income.
The same root words
There are no other words that share the same root as annuitized.
Example Sentences
- John decided to annuitize his retirement savings so that he could receive a fixed income during his retirement years.
- The insurance company offered to annuitize the policyholder’s death benefit so that it would be paid out in regular installments instead of a lump sum.
- The financial advisor recommended that the client invest in an annuitized product to provide a guaranteed income stream during retirement.
- The annuitized payout from the lottery winnings provided the winner with a steady income for the rest of their life.
- The pension plan was annuitized to ensure that the retirees would receive a fixed income for the rest of their lives.