First Known Use: 15th century
Dictionary
annuity
noun an·nu·ity \ə-ˈnü-ə-tē, -ˈnyü-\
: a fixed amount of money that is paid to someone each year
: an insurance policy or an investment that pays someone a fixed amount of money each year
plural an·nu·ities
Full Definition of ANNUITY
1
: a sum of money payable yearly or at other regular intervals
2
: the right to receive an annuity
3
: a contract or agreement providing for the payment of an annuity
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Origin of ANNUITY
Middle English annuite, from Anglo-French annuité, from Medieval Latin annuitat-, annuitas, from Latin annuus yearly
Related to ANNUITY
- Synonyms
- allocation, allotment, appropriation, entitlement, grant, subsidy, subvention
Other Business Terms
ANNUITY Defined for Kids
annuity
noun an·nu·ity \ə-ˈnü-ə-tē, -ˈnyü-\
plural an·nu·ities
Definition of ANNUITY for Kids
: a sum of money paid yearly or at other regular intervals
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