ANNUITY

an amount of money; payable annually or at shorter intervals, either for a period of years or during the continuance of a person’s life. Unle the contrary is stated, the word ‘annuity’ is understood to mean a life a. The Brit. Government grants a’s in exchange for stock, the residue from the | expired a’s being devoted to the reduction of the National Debt. Government a’s are also obtainable through the Post. Office, of amounts from £1 up to £100; see Insurance as a Means of Investment, by W. A. Robertson.