A person who receives income from an annuity, especially a pension or fixed annual payment.
From annuity (Old French annueté, from Latin annualis 'yearly') + -ant (suffix meaning 'one who'). Modern legal/financial term for beneficiaries of annuities.
Annuitants represent a fascinating financial invention: they lock up money today to guarantee income for life, betting they'll live longer than actuaries predict—it's a race against mortality tables.
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