" annuity "

[Noun]  | "an*nu*i*ty" | \ ə-ˈnü-ə-tē \

1: a sum of money payable yearly or at other regular intervals

2: the right to receive an annuity

3: a contract or agreement providing for the payment of an annuity

Origin: 15th century ;

 Middle English annuite, from Anglo-French annuité, from Medieval Latin annuitat-, annuitas, from Latin annuus yearly;

[Noun]  | "reverse mortgage" 

1: a mortgage that allows an elderly person to convert home equity into available funds through a line of credit, cash advance, or periodic disbursements to be repaid with interest usually when the borrower dies, moves, or sells the home

Origin: 1977 ;

[Noun]  | "annuity"