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annuity

/əˈn(j)uɪti/ noun

In Latin: annuum Wiktionary

noun Definition from Wiktionary (CC BY-SA). Pronunciation from Wiktionary, via Kaikki.org. More about annuity at Wordnik → Where our words come from →

  1. 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.
    life annuity

Origin

From French annuité, from Medieval Latin annuitās, from Latin annuus (“annual”). Cf. annuality.

From Wiktionary, via Kaikki.org (CC BY-SA)