annuity
Definition from Wiktionary, the free dictionary
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[edit] English
[edit] Etymology
From French annuité, from Medieval Latin annuitās, from Latin annuus (“annual”).
[edit] Noun
annuity (plural annuities)
- A specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment. For example, a retirement annuity paid to a public officer following his or her retirement.
- The right to receive such an income.
- The duty to make such a payment or payments.
[edit] Derived terms
[edit] Related terms
[edit] Translations
right to periodic payment
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