Definition, Meaning & Synonyms

annuitize

verb

/əˈnjuːɪtaɪz/

Definition

To convert a lump sum of money into a series of periodic payments.

Examples

If you decide to annuitize your retirement savings, you will receive fixed monthly payments for a specified period.
Many annuity contracts allow you to choose how to annuitize your funds based on your financial needs.

Meaning

Annuitizing is the process where a one-time investment is transformed into a regular stream of income, often used in the context of retirement planning.