-əd.ē, -ətē, -i noun
( -es )
Usage: often attributive
Etymology: Me annuite, from Middle French annuité, from Medieval Latin annuitat-, annuitas, from Latin annuus yearly + -itat-, -itas -ity — more at annual
1. : an amount payable yearly or at other regular intervals (as quarterly) for a certain or uncertain period (as for years, for life, or in perpetuity)
2. : the grant of or the right to receive an annuity
his will included annuities for several old servants
3. : a contract or agreement under which one or more persons receive annuities in return for prior set payments made by themselves or another (as an employer)
bought an annuity to take care of his parents