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| an·nu·i·ty [ ə n ətee ] (plural an·nu·i·ties) |
noun |
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| Definition: |
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1. money paid at regular intervals: an amount of money paid to somebody yearly or at some other regular interval
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2. investment paying annual sum: an investment that pays the investor a set amount of money each year for a number of years, often the investor's lifetime
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3. contract for annual payment: the right to receive or the obligation to pay an annuity
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| [15th century. Via French annuité< medieval Latin annuitas< Latin annuus (see annual)] |
