An-nū'i-ty, n.

n. [L. Lat. annuitas, Fr. annuité, from Lat. annus, year.] A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance. Governments often borrow money upon annuities; that is, for a certain sum advanced on loan, the government contracts to pay the lender a specific sum for life, or for a term of years. P. Cyc.