annuity

[uh-noo-i-tee, uh-nyoo-] /əˈnu ɪ ti, əˈnyu-/
noun, plural annuities.
1.
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.
2.
the right to receive such an income, or the duty to make such a payment or payments.
Origin
1400–50; late Middle English < Anglo-French annuité, annualté < Medieval Latin annuitās, equivalent to Latin annu(us) yearly (derivative of annus year) + -itās -ity
Related forms
superannuity, noun, plural superannuities.
British Dictionary definitions for superannuity
annuity (əˈnjuːɪtɪ)
 
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 annuusannual]

Collins English Dictionary - Complete & Unabridged 10th Edition
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Word Origin and History for superannuity
annuity
early 15c., "a yearly allowance," from O.Fr. annuité, from M.L. annuitatem (nom. annuitas), from L. annus "year" (see annual). Meaning "an investment that entitles one to equal annual payments" is from 1690s.
Online Etymology Dictionary, © 2010 Douglas Harper
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superannuity in Culture
annuity [(uh-nooh-uh-tee)]

A sum of money payable yearly or at regular intervals.

Note: Many people's retirement funds are set up to be paid in annuities.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Tile value for superannuity

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