First Known Use: 14th century
Dictionary
1pension
noun pen·sion \ˈpen(t)-shən\
: an amount of money that a company or the government pays to a person who is old or sick and no longer works
Full Definition of PENSION
1
\ˈpen(t)-shən\ : a fixed sum paid regularly to a person: a archaic : wage b : a gratuity granted (as by a government) as a favor or reward c : one paid under given conditions to a person following retirement from service or to surviving dependents
2
\päⁿs-ˈyōⁿ\ [French, from Middle French] a : accommodations especially at a continental European hotel or boardinghouse : room and board b also pen·sio·ne \pen(t)-ˈsyō-(ˌ)nā\ [pensione, from Italian] : a hotel or boardinghouse especially in continental Europe
— pen·sion·less \ˈpen(t)-shən-ləs\ adjective
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Origin of PENSION
Middle English, from Anglo-French, from Latin pension-, pensio, from pendere to pay — more at pendant
Other Business Terms
2pension
verb
pen·sionedpen·sion·ing \ˈpen(t)-sh(ə-)niŋ\
Definition of PENSION
transitive verb
1
: to grant or pay a pension to
2
: to dismiss or retire from service with a pension <pensioned off his faithful old servant>
See pension defined for English-language learners
First Known Use of PENSION
1702
Other Business Terms
PENSIONED Defined for Kids
1pension
noun pen·sion \ˈpen-shən\
Definition of PENSION for Kids
: a sum paid regularly to a person who has retired from work
2pension
verb
pen·sionedpen·sion·ing
Definition of PENSION for Kids
: to grant or give a regularly paid sum to (a person who has retired from work)
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