ANNUITY - Definition & Meaning for Kids
Meaning 1
Part of speech: Noun
income from capital investment paid in a series of regular payments
Example: his retirement fund was set up to be paid as an annuity
Categories: Regular payment
Synonyms
🌱 Word Origin (Etymology)
The word "annuity" comes from Latin annuus. It started in Medieval Latin annuitās. Then it appeared in French annuité.
🧩 Fun Fact
Many Latin words entered English twice—once through French and once through direct borrowing.