to convert into an annuity, to turn into a pension
Sein Vermögen oder Kapital so anlegen, dass daraus regelmäßige Rentenzahlungen entstehen.
To convert assets or capital into regular pension payments.
-
Er hat sein gesamtes Erbe verrentet.— He converted his entire inheritance into an annuity.
-
Die Familie hat das Grundstück verrentet, um den Lebensunterhalt zu sichern.— The family turned the property into an annuity to secure their livelihood.