Annuity意思是“年金”，《元照英美法词典》指出，现在典型的年金是指保险公司支付的年金，多是依合同给付。通过与保险公司订立长期合约，投保人一次或按期缴纳保险费，保险公司终生或在一定年限内定期向被保险人支付保险金。年金最显著的特点就是终生提供有保障的收入，但是预付销售费用和年度费用比较高，而且缺乏流动性，一旦提前取消，或需支付高额的退保费用。根据付款时间的不同，可以分为即期年金（immediate annuity）和延期年金（deferred annuity）。就即期年金而言，投保人一次性向保险公司付清保险费，保险公司承诺终生或在合同规定的期限内支付保险金，且保险公司是在合同生效后开始支付保险金，而延期年金则是保险公司在合同生效后经过一定时间或到了领取年金者约定的日期才开始支付保险金。

Bond是指“债券”，政府或公司签发的向持有人支付一定利息并在到期后偿还本金的借款证书，债券持有人充当贷款人，政府或公司则是借款人。债券回报稳定，风险小，特定期间内的收益可预测，收益率一般比年金高，而且费用和佣金比年金低，但是，债券有时间限制，一旦到期，如果希望继续产生利息需再次购买，同时，虽然损失本金的概率比较小，但是一旦公司破产或政府违约，债券持有人就会损失本金。

例句1：

原文：

An annuity is an insurance contract designed to provide an individual with income for an established period of time, often beginning at retirement age. Payments are generally made on a monthly basis and may continue for as long as you live or for a stated period of time. Payments may begin immediately, or be deferred until some future date. Most annuities are long term contracts and generally should not be considered or purchased for short-term purposes.

Annuities may be appealing and useful in a variety of situations. The following are some examples: • Companies funding their employees’ pension plans;

• Individuals who are not covered under traditional pension plans or who desire to supplement their future incomes;

• Individuals who have sold a business;

• Individuals who have sold a home;

• A widow, widower or divorcee who needs to convert a lump sum cash settlement into income, but wants safety and security in terms of future payments and guarantees;

• Grandparents who want to provide for their grandchildren; or

• Someone who desires to set aside or accumulate funds for future needs.

译文：

年金是指拟在规定的时间内（通常从退休年龄开始）向个人提供收益的保险合同。一般来说，保险公司终生或在规定的期限内按月支付保险金。保险金可以立即支付，也可以延至未来某一时间支付。大多数年金属于长期合同，通常情况下不应基于短期目的予以考量或购买。

年金在很多种情况下具有吸引力并且有用，比如：

• 公司为员工养老金计划提供资金；

• 个人未享受传统养老金计划或希望增加未来的收益；

• 个人已出售公司；

• 个人已出售房屋；

• 丧失配偶者或离婚人士需要将一次性现金款项转换为收益；

• 祖父母希望抚养孙子孙女；或

• 个人希望为未来预留或积累资金。

例句2

原文：

A bond is a debt security, similar to an IOU. Borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time.

When you buy a bond, you are lending to the issuer, which may be a government, municipality, or corporation. In return, the issuer promises to pay you a specified rate of interest during the life of the bond and to repay the principal, also known as face value or par value of the bond, when it "matures," or comes due after a set period of time.

债券是一种债务证券，与借据类似。借款人发行债券，向愿意在一定期限内借钱的投资人筹集资金。

购买债券就是将钱借给发行人，发行人可以是政府、地方自治体或公司。作为回报，发行人承诺在证券期限内按规定支付利息，并在债券到期时偿还本金（也称为“债券的面值”）。

来源：

https://files.nc.gov/doi/consumer-guide-to-annuities.pdf；

https://www.investor.gov/introduction-investing/investing-basics/investment-products/bonds-or-fixed-income-products/bonds