Definify.com
Webster 1913 Edition
Annuity
An-nu′i-ty
,Noun.
pl.
Annuities
. [LL.
annuitas
, fr. L. annus
year: cf. F. annuité
.] A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance.
Webster 1828 Edition
Annuity
ANNU'ITY
,Noun.
A sum of money, payable yearly, to continue for a given number of years, for life or for ever; an annual income, charged on the person of the grantor; or an annual allowance. Governments often borrow money upon annuities, that is, for a certain sum advanced on loan, the government contracts to pay the lender a specific sum, for life, or for a term of years. The stock created by such loans is transferable.
Definition 2024
annuity
annuity
English
Noun
annuity (plural annuities)
- 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.
Derived terms
Related terms
Translations
right to receive amounts of money regularly