annuity
noun/əˈnjuːəti/
/əˈnuːəti/
(plural annuities)
- a fixed amount of money paid to somebody each year, usually for the rest of their life
- She receives a small annuity.
- a type of insurance that pays a fixed amount of money to somebody each year
- income from pensions, annuities and trusts
Word Originlate Middle English: from French annuité, from medieval Latin annuitas, from Latin annuus ‘yearly’, from annus ‘year’.
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annuity