Annuity

n. yearly allowance; yearly pension; yearly income

Annuity may refer to:Annuity (finance theory), any recurring periodic series of paymentsAnnuity (financial contracts), an insurance-like contract providing annual paymentsAnnuity (US financial products)Annuity (European financial arrangements)Life annuity (also single payment annuity), a financial contract providing payments for a person's lifetimeAnnuity, a maintenance fee (patent) in patent law.
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Noun
1. income from capital investment paid in a series of regular payments; "his retirement fund was set up to be paid as an annuity"
(synonym) rente
(hypernym) regular payment
(hyponym) annuity in advance

(n.)
A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance.
  

A regular periodic payment made by an insurance company to a policyholder for a specified period of time.