Main Entry: an·nu·ity

Pronunciation: \ə-ˈnü-ə-tē, -ˈnyü-\

Function: noun

Inflected Form(s): plural an·nu·ities

Etymology: Middle English annuite, from Anglo-French annuité, from Medieval Latin annuitat-, annuitas, from Latin annuus yearly

Date: 15th century

1 : a sum of money payable yearly or at other regular intervals
2 : the right to receive an annuity
3 : a contract or agreement providing for the payment of an annuity