/əˈnjuːəti/ – Noun
Definition: 1. niên kim, tiền chi trả hàng năm theo hợp đồng, chúc thư hay một văn bản khác;
2. kiện đòi trả niên kim.
A more thorough explanation: An annuity is a financial product that provides a series of payments made at equal intervals, typically monthly or annually, for a specified period of time or for the lifetime of the recipient.
Example: The annuity contract outlined the terms and conditions for the periodic payments to be made to the beneficiary.