annuitise
C2CEFR level
90/100Rarity: very rare
TechnicalRegister
To convert a lump sum of savings into a stream of guaranteed income payments.
Rather than risk the market in retirement, he chose to annuitise half his pot and keep the rest invested.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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