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ANNUITY
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
Income from capital investment paid in a series of regular payments
Example:
his retirement fund was set up to be paid as an annuity
Synonyms:
annuity; rente
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("annuity" is a kind of...):
regular payment (a payment made at regular times)
Hyponyms (each of the following is a kind of "annuity"):
annuity in advance (an annuity paid in a series of more or less equal payments at the beginning of equally spaced periods)
ordinary annuity (an annuity paid in a series of more or less equal payments at the end of equally spaced periods)
reversionary annuity; survivorship annuity (an annuity payable to one person in the event that someone else is unable to receive it)
tontine (an annuity scheme wherein participants share certain benefits and on the death of any participant his benefits are redistributed among the remaining participants; can run for a fixed period of time or until the death of all but one participant)
Context examples:
I believe you are right, my love; it will be better that there should be no annuity in the case; whatever I may give them occasionally will be of far greater assistance than a yearly allowance, because they would only enlarge their style of living if they felt sure of a larger income, and would not be sixpence the richer for it at the end of the year.
(Sense and Sensibility, by Jane Austen)
I have known a great deal of the trouble of annuities; for my mother was clogged with the payment of three to old superannuated servants by my father's will, and it is amazing how disagreeable she found it.
(Sense and Sensibility, by Jane Austen)
Twice every year these annuities were to be paid; and then there was the trouble of getting it to them; and then one of them was said to have died, and afterwards it turned out to be no such thing.
(Sense and Sensibility, by Jane Austen)
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.
(Sense and Sensibility, by Jane Austen)
