a regular payment made by the government to retired people
example
You can receive your pension when you retire or when you reach the eve of your 65th birthday.
synonyms
NONE
word origin — late Middle English (in the sense ‘payment, tax, regular sum paid to retain allegiance’): from Old French, from Latin pensio(n-) ‘payment’, from pendere ‘to pay’. The current verb sense dates from the mid 19th century
pension, estate, recession, discount, fortune: meanings and examples
Learn these 5 words from Business set 7. Each entry includes a definition, example sentence, pronunciation, and synonyms. Use the interactive cards above to practice them.
pension · noun/ˈpɛnʃən/
a regular payment made by the government to retired people
You can receive your pension when you retire or when you reach the eve of your 65th birthday.
Synonyms: NONE
Origin: late Middle English (in the sense ‘payment, tax, regular sum paid to retain allegiance’): from Old French, from Latin pensio(n-) ‘payment’, from pendere ‘to pay’. The current verb sense dates from the mid 19th century
estate · noun/əˈsteɪt/
all the money and personal property a person owns
A father with a second marriage might sign a will late in life that leaves his estate to his wife and cuts out his children from a prior marriage.
Synonyms: assets, belongings
Origin: Middle English (in the sense ‘state or condition’): from Old French estat, from Latin status ‘state, condition’, from stare ‘to stand’
recession · noun/rəˈsɛʃən/
the period when economy declines due to less trade and business
All the countries in the world have suffered recession in their history that made their unemployment rates higher.
Synonyms: collapse, deflation, downturn
Origin: early 17th century (denoting a temporary suspension of work or activity): from Latin recessio(n-), from recess- ‘gone back’, from the verb recedere (see recede)
discount · noun/ˈdɪsˌkaʊnt/
price reduction
Steve had a chance to buy the house at a discount, much lower than its fair price and made a huge profit.
Synonyms: reduction, decrease, deduction
Origin: mid 16th century (as a verb): from dis- + count
fortune · noun/ˈfɔrtʃən/
a large amount of wealth that someone owns
A catering business in Georgia, which started at the home of the owner, has made a fortune in merely two years.
Synonyms: wealth, possessions
Origin: Middle English: via Old French from Latin Fortuna, the name of a goddess personifying luck or chance