annuitant
noun
Pronunciation: əˈnjuːɪtənt
Definition
A person who receives a fixed sum of money at regular intervals, typically for the rest of their life, as a result of an investment or pension plan.
Examples
The insurance company sends a check to every annuitant on the first day of the month.
As an annuitant, she no longer worries about market fluctuations affecting her basic living expenses.
The fund manager must ensure there is enough capital to cover the lifetime payments promised to each annuitant.
Synonyms of annuitant
Words with a similar meaning to annuitant:
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