Fixed sums of money paid to someone each year, typically for the rest of their life.
Annuities
Fact of the Day
When the computer mouse was first mentioned in a publication in 1965, it was called an 'x-y position indicator'.
Quote of the Day
"I believe I forgot to tell you I was made a Duke.
"
~ Arthur Wellesley, Duke of Wellington
On This Day
1846 Scottish surgeon Robert Liston was the first European to use anaesthesia during an amputation. He could amputate a leg in two and a half minutes.
1898 Scientists Pierre and Marie Curie discovered the radioactive element radium.
1937 'Snow White and the Seven Dwarfs', the world's first full-length animated film, premiered in the USA
1946 A tsunami caused by an undersea earthquake killed at least 1,362 and left thousands homeless in Japan.
1967 Louis Washkansky, the first man to undergo a heart transplant, died in Cape Town, South Africa, 18 days after his operation.
1988 Pan Am Flight 103 exploded as it was flying over Lockerbie, Scotland. All 243 passengers and 16 crew, and 11 residents of Lockerbie were killed