GRE Word of the Day: Annuity (n)
Annuity (adj)
Annual is the word used for yearly basis. So annuity is yearly allowance.
Meaning:
A specified income payable at stated intervals for a fixed or a contingent period, often for the recipient’s life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment.
Popularity: 11% [?]Share This
Popularity: 11% [?]
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Written by GRE Word of The Day Team on April 5th, 2008 with
no comments.
Read more articles on GRE Word of The Day and actual gre word and Barron's Word list and Demand a GRE word Story.
Annuity (adj)
Annual is the word used for yearly basis. So annuity is yearly allowance.
Meaning:
A specified income payable at stated intervals for a fixed or a contingent period, often for the recipient’s life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment.
Popularity: 11% [?]
Share This
Written by GRE Word of The Day Team on April 5th, 2008 with
no comments.
Read more articles on GRE Word of The Day and actual gre word and Barron's Word list and Demand a GRE word Story.
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