|—n , pl -ties|
|1.||a fixed sum payable at specified intervals, esp annually, over a period, such as the recipient's life, or in perpetuity, in return for a premium paid either in instalments or in a single payment|
|2.||the right to receive or the duty to pay such a sum|
|[C15: from French annuité, from Medieval Latin annuitās, from Latin annuus|
A sum of money payable yearly or at regular intervals.
Note: Many people's retirement funds are set up to be paid in annuities.