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

old-age pension

annual payment

retirement pension

annual instalment

yearly payment

retirement annuity

old-age benefit

pension allowance

Frequency

47k
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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