annuity
/əˈn(j)uɪti/ noun
Forms annuities
- noun (insurance, pensions) A right to receive amounts of money regularly over a certain fixed period, in perpetuity, or, especially, over the remaining life or lives of one or more beneficiaries.
Synonyms
Etymology
From French annuité, from Medieval Latin annuitās, from Latin annuus (“annual”). Cf. annuality.
Webster’s 1913
- noun A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance.
Etymology [LL. annuitas, fr. L. annus year: cf. F. annuité.]
Sources: Wiktionary · WordNet 3.0 · Webster’s 1913 — from the Wiktionary entry “annuity”, CC BY-SA 4.0. Details