annuity

Definitions


[əˈnjuːɪti], (Noun)

Definitions:
- a fixed sum of money paid to someone each year, typically for the rest of their life
(e.g: he left her an annuity of £1,000 in his will)


Phrases:

Origin:
late Middle English: from French annuité, from medieval Latin annuitas, from Latin annuus ‘yearly’, from annus ‘year’




definition by Oxford Dictionaries