annuity
/əˈn(j)uɪti/ noun C2- 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.
- He used his savings to purchase an annuity that would provide a regular income.
- The contract provides for an annuity payable for twenty years.
- life annuity
- fixed annuity
- purchase an annuity
Plural annuities
From the library
I had often heard him complain of the disproportion of his rank with his fortune; and I advised him to invest all he had in an annuity.
He had reserved from his annuity his family papers, his library, composed of five thousand volumes, and his famous breviary.
We should command an annuity of 175,000 livres.
“Him to whom your excellency pays that little annuity.”
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