annuity
/əˈn(j)uɪti/
annuity
English
Noun Top 47,387
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Definition
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
From French annuité, from Medieval Latin annuitās, from Latin annuus (“annual”). Cf. annuality.
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