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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’
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definition by Oxford Dictionaries