annuity
UK: əˈnjuːɪti | US: əˈnuːɪti
n. a fixed sum of money paid to someone regularly, typically for the rest of their life
n. a contract or investment providing such payments
annuity = annu<year> + ity<noun suffix>
- annu (from Latin annus, meaning "year")
- ity (noun-forming suffix indicating state or condition, from Latin -itas)
Etymology Origin:
The word annuity traces back to Latin annuitas, derived from annus (year). It originally referred to yearly payments, reflecting its financial use as a periodic income stream. Over time, it broadened to include any regular payment schedule, regardless of frequency, while retaining its core association with time-based disbursements.
She receives a monthly annuity from her pension plan.
The insurance company offers a fixed annuity for retirees.
Annuities provide financial stability during retirement.
He invested in an annuity to secure his future income.
The contract guarantees an annuity for 20 years.