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annuity
[ uh-noo-i-tee, uh-nyoo- ]
/ əˈnu ɪ ti, əˈnyu- /
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noun, plural an·nu·i·ties.
a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment.
the right to receive such an income, or the duty to make such a payment or payments.
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Origin of annuity
1400–50; late Middle English <Anglo-French annuité, annualté<Medieval Latin annuitās, equivalent to Latin annu(us) yearly (derivative of annus year) + -itās-ity
OTHER WORDS FROM annuity
su·per·an·nu·i·ty, noun, plural su·per·an·nu·i·ties.Words nearby annuity
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
How to use annuity in a sentence
British Dictionary definitions for annuity
annuity
/ (əˈnjuːɪtɪ) /
noun plural -ties
a fixed sum payable at specified intervals, esp annually, over a period, such as the recipient's life, or in perpetuity, in return for a premium paid either in instalments or in a single payment
the right to receive or the duty to pay such a sum
Word Origin for annuity
C15: from French annuité, from Medieval Latin annuitās, from Latin annuus annual
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cultural definitions for annuity
annuity
[ (uh-nooh-uh-tee) ]
A sum of money payable yearly or at regular intervals.
notes for annuity
Many people's retirement funds are set up to be paid in annuities.
The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.