annuity

annuity

noun

Definition of ANNUITY

a sum of money allotted for a specific use by official or formal action <his grandfather's will provided him with an annuity of $5,000 a year to be used for school expenses>

Synonyms allocation, allotment, annuity, entitlement, grant, subsidy, subvention

Related Words aid, assistance, block grant, grant-in-aid, set-aside; foreign aid, relief, state aid; advance, allowance, benefit, bequest, endowment, fund, legacy, stipend, trust, trust fund