annuity 1
noundomain: possession
Princeton WordNet [ver.3.1]
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EnglishDefinition
income from capital investment paid in a series of regular payments
Examples
- 1.his retirement fund was set up to be paid as an annuity
Hypernym
a payment made at regular times
EnglishHyponym
an annuity paid in a series of more or less equal payments at the beginning of equally spaced periods
an annuity paid in a series of more or less equal payments at the end of equally spaced periods
an annuity payable to one person in the event that someone else is unable to receive it
tontine 2
noun
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
