Definition of annuity noun from the Oxford Advanced Learner's Dictionary



    BrE BrE//əˈnjuːəti//
    ; NAmE NAmE//əˈnuːəti//
    (pl. annuities)
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  1. 1a fixed amount of money paid to somebody each year, usually for the rest of their life She receives a small annuity.
  2. 2a type of insurance that pays a fixed amount of money to somebody each year income from pensions, annuities and trusts Wordfinderactuary, annuity, cover, excess, insurance, no-claims bonus, policy, premium, risk, underwrite
  3. Word Originlate Middle English: from French annuité, from medieval Latin annuitas, from Latin annuus ‘yearly’, from annus ‘year’.
See the Oxford Advanced American Dictionary entry: annuity