annuity
annuity definition
an·nu·ity (ə no̵̅o̅′ə tē, -nyo̵̅o̅′-)
noun pl. annuities -·ties
- a payment of a fixed sum of money at regular intervals of time, esp. yearly
- 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
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