annuity
English
/əˈn(j)uɪti/
noun
Definitions
- (insurance) A right to receive amounts of money regularly over a certain fixed period, in perpetuity, or, especially, over the remaining life or lives of one or more beneficiaries.
Etymology
Derived from French annuité derived from Latin annuitās, annuus (annual, yearly).
Origin
Latin
annuus
Gloss
annual, yearly