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   annuity

   /əˈnjuːɪti/

   noun

   • 1. a fixed sum of money paid to someone each year, typically for the rest of their life: "he left her an annuity of £1,000 in his will"
   • ▪ a form of insurance or investment entitling the investor to a series of annual sums: "loans secured on an older person's home which are used to purchase a life annuity"

   Word Origin late Middle English: from French annuité, from medieval Latin annuitas, from Latin annuus ‘yearly’, from annus ‘year’.

   Scrabble Points: 10

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