Select the option that can be used as a one-word substitute for the given group of words.
A fixed sum paid annually
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Annuity
- The meaning of the options are as follows.
- Bonus- a payment that is added to what is usual
- Honorarium- a payment made for somebody’s professional services, when no particular amount is charged for those services
- Alimony- money that you have to pay by law to your former wife or husband after getting divorced
- Annuity- a fixed amount of money that is paid to somebody each year, usually for the rest of his/her life
Hence, as per the meanings the correct answer is-
Annuity