Dictionary

1pension

noun pen·sion \ˈpen(t)-shən\

: an amount of money that a company or the government pays to a person who is old or sick and no longer works

Full Definition of PENSION

1
\ˈpen(t)-shən\ :  a fixed sum paid regularly to a person:
a archaic :  wage
b :  a gratuity granted (as by a government) as a favor or reward
c :  one paid under given conditions to a person following retirement from service or to surviving dependents
2
\päⁿs-ˈyōⁿ\ [French, from Middle French]
a :  accommodations especially at a continental European hotel or boardinghouse :  room and board
b also pen·sio·ne \pen(t)-ˈsyō-(ˌ)nā\ [pensione, from Italian] :  a hotel or boardinghouse especially in continental Europe
pen·sion·less \ˈpen(t)-shən-ləs\ adjective

Examples of PENSION

  1. Her pension arrives in the mail every month.
  2. retired people living on their pensions

Origin of PENSION

Middle English, from Anglo-French, from Latin pension-, pensio, from pendere to pay — more at pendant
First Known Use: 14th century

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

2pension

verb
pen·sionedpen·sion·ing \ˈpen(t)-sh(ə-)niŋ\

Definition of PENSION

transitive verb
1
:  to grant or pay a pension to
2
:  to dismiss or retire from service with a pension <pensioned off his faithful old servant>

First Known Use of PENSION

1702

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

Rhymes with PENSION

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