ANNUITY

annuity, rente

(noun) income from capital investment paid in a series of regular payments; “his retirement fund was set up to be paid as an annuity”

Source: WordNet® 3.1

Etymology

Noun

annuity (plural annuities)

(insurance, pensions) 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.

Source: Wiktionary

An*nu"i*ty, n.; pl. Annuities. Etym: [LL. annuitas, fr. L. annus year: cf. F. annuité.]

Definition: A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance.

Source: Webster’s Unabridged Dictionary 1913 Edition

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