annuity

Meanings

1. 1
   noun

   a fixed amount of money paid to someone regularly, often yearly or for life

   The pension was converted into an annuity.

2. 2
   noun

   the right to receive regular payments from an investment or contract

   She bought an annuity to provide income after retirement.

Common collocations

• survivorship annuity Noun + noun

From French annuite, from Medieval Latin annuitas and Latin annuus, "yearly." The word keeps the yearly-payment idea even when payments are made on another regular schedule.

Topics

External links

• Cambridge Dictionary
• Wiktionary
• Google Images