Annuity

The law enables us to receive an annuity.

If it weren't for her annuity, she'd never be able to pay the bills.

There are a lot of companies that will offer to buy part or all of an annuity in exchange for a lump sum payment.

Poor countess! What a horrible life for her, to be reduced to only thirty thousand pounds of annuity!

The winner has the option of receiving the money in an annuity paid over a number of years or taking a lower lump sum.