variants:
also British annuitise
annuitized; annuitizing; annuitizes
Definition of annuitize
: to convert an amount of money (such as an accumulation of retirement savings) to an annuity
… the standard advice is to annuitize the portion of your nest egg you'll need to cover living expenses …— Scott Woolley
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Merriam-Webster unabridged
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Time Traveler for annuitize
The first known use of annuitize was in 1786
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