Fixed sums of money paid to someone each year, typically for the rest of their life.
Annuities
Fact of the Day
The Latin word for an hour is hora. An hour made smaller is an hora minuta, from minuere (to lessen). An hour made smaller for a second time is an hora minuta secunda. From this, English has hours, minutes and seconds.
Quote of the Day
"We took risks, we knew we took them; things have come out against us, and therefore we have no cause for complaint.
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~ Robert Falcon Scott's last message
On This Day
1579 Thomas Gresham, merchant, financier, and founder of the Royal Exchange, died suddenly, apparently of apoplexy. He bequeathed his estate, after the death of his wife, to the Corporation of London and the Mercers' Company to set up a college to provide free lectures to the public; Gresham College thus became London's first institution of higher education.
1916 The hospital ship Britannic, sister-ship of Titanic, hit a mine and sank, killing 30.
1918 Ten days after the Armistice, the German navy surrendered to the British in the Firth of Forth.
1920 The assassinations of British intelligence officers ordered by Michael Collins in the Irish War of Independence led to thirty-one dead (from both sides) in what became known as 'Bloody Sunday'.
1974 21 people were killed and 182 injured when bombs exploded in two Birmingham pubs. The IRA was probably responsible, but the real culprits have never been found. The Birmingham Six, originally convicted of the bombings, were released because of dodgy police practices.
1981 The proceedings of the House of Commons were televised live for the first time.