Annuity Definition
ə-no͝oĭ-tē, ə-nyo͝o-
annuities
noun
annuities
The annual payment of an allowance or income.
American Heritage
A payment of a fixed sum of money at regular intervals of time, esp. yearly.
Webster's New World
The right to receive this payment or the obligation to make this payment.
American Heritage
An investment yielding periodic payments during the annuitant's lifetime, for a stated number of years, or in perpetuity.
Webster's New World
A contract or agreement by which one receives fixed payments on an investment for a lifetime or for a specified number of years.
American Heritage
Synonyms:
Other Word Forms of Annuity
Noun
Singular:
annuity
Plural:
annuitiesOrigin of Annuity
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Middle English annuite from Anglo-Norman from Medieval Latin annuitās from Latin annuus yearly from annus year at- in Indo-European roots
From American Heritage Dictionary of the English Language, 5th Edition
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From French annuité, from Medieval Latin annuitās, from Latin annuus (“annual”).
From Wiktionary
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