annuity
Meaning
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
Translations
Frequency
Pronounced as (IPA)
/əˈn(j)uɪti/
Etymology
From French annuité, from Medieval Latin annuitās, from Latin annuus (“annual”). Cf. annuality.
Notes
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