annuities

Variant of annuity

annuity definition

an·nu·ity (ə no̵̅o̅′ə tē, -nyo̵̅o̅′-)

noun pl. annuities -·ties

  1. a payment of a fixed sum of money at regular intervals of time, esp. yearly
  2. an investment yielding periodic payments during the annuitant's lifetime, for a stated number of years, or in perpetuity

Etymology: ME & OFr annuite < ML annuitas < L annuus, annual < annus: see annual

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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