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



RESET




Word of the Day

22 January 2025

MEGALITH

(noun) memorial consisting of a very large stone forming part of a prehistoric structure (especially in western Europe)


coffee icon

Coffee Trivia

The earliest credible evidence of coffee-drinking as the modern beverage appeared in modern-day Yemen. In the middle of the 15th century in Sufi shrines where coffee seeds were first roasted and brewed for drinking. The Yemenis procured the coffee beans from the Ethiopian Highlands.

coffee icon