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annuity |
Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
annuity [əˈnjuːɪtɪ] n pl -ties 1. (Economics, Accounting & Finance / Banking & Finance) 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. (Economics, Accounting & Finance / Banking & Finance) the right to receive or the duty to pay such a sum [from French annuité, from Medieval Latin annuitās, from Latin annuus annual] annuity an investment that bears a fixed return yearly, for a fixed period or for the life of the recipient. See also: Finance
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| That is very true, and, therefore, I do not know whether, upon the whole, it would not be more advisable to do something for their mother while she lives, rather than for them--something of the annuity kind I mean. From the time of his settling in Alencon he had nobly admitted his poverty, saying that his whole fortune consisted in an annuity of six hundred francs a year, the sole remains of his former opulence,--a property which obliged him to see his man of business (who held the annuity papers) quarterly. the House had never been their own and their Fortune had only been an Annuity on their own Lives. |
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