annuity
[ uh-noo-i-tee, uh-nyoo- ]
/ əˈnu ɪ ti, əˈnyu- /
noun, plural an·nu·i·ties.
a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment.
the right to receive such an income, or the duty to make such a payment or payments.
Origin of annuity
1400–50; late Middle English < Anglo-French
annuité, annualté < Medieval Latin
annuitās, equivalent to Latin
annu(us) yearly (derivative of
annus year) +
-itās
-ity
OTHER WORDS FROM annuity
su·per·an·nu·i·ty, noun, plural su·per·an·nu·i·ties.Words nearby annuity
Example sentences from the Web for annuity
British Dictionary definitions for annuity
annuity
/ (əˈnjuːɪtɪ) /
noun plural -ties
a fixed sum payable at specified intervals, esp annually, over a period, such as the recipient's life, or in perpetuity, in return for a premium paid either in instalments or in a single payment
the right to receive or the duty to pay such a sum
Word Origin for annuity
C15: from French
annuité, from Medieval Latin
annuitās, from Latin
annuus
annual
Cultural definitions for annuity
annuity
[ (uh-nooh-uh-tee) ]
A sum of money payable yearly or at regular intervals.
notes for annuity
Many people's retirement funds are set up to be paid in annuities.