See Also: National Insurance Pension (State Pension)(finance)
old age pension(dictionary)
pension(dictionary)
en pension(dictionary)
Pension(finance)
PENSION(law)
pension(medicine)
pension(encyclopedia)
Pension plan(finance)
Pension parachute(finance)

pension (iou)



pension noun & verb. ]'p?n?(?)n, in sense A.6b also psj (pl. same) LME.
[Old & mod. French from Latin pensio(n-) payment, rent, from pens- pa. ppl stem of pendere weigh, pay: see PENSILE, -ION.]
A. noun.
A payment; a tribute, a tax; a contribution; a price paid or received; an expenditure, an expense. LME-M17.
Ecclesiastical History. A fixed payment made out of or charged to the revenues of a benefice. LME.
a. A regular payment made to a person for present services or to retain allegiance, goodwill, etc.; a salary, a stipend, a fee. LME-M19.
b. A regular payment made to a person of rank or a royal favourite to enable him or her to live to an expected standard. Also, a regular payment made to an artist or scholar for services to the State or to fund work. E16.
James Harris These professors were maintained with liberal pensions.
a. A periodic (esp. annual) payment made by each member of a guild, college, or society, esp. an Inn of Court, towards its general expenses. obsolete exc. Hist. LME.
b. A consultative assembly of the members of Gray's Inn, one of the Inns of Court in London. Now rare. L16.
A regular payment made to a person or to a deceased person's dependants, esp. by a government or an employer, in consideration of past services or for disability, poverty, or other charitable reasons; spec. (a) a regular payment made esp. by the State to enable a person (usu. of State retirement age or above) to subsist without working; (b) a regular payment from a fund etc. to which the recipient has contributed (freq. with an employer) as an investment during his or her working life in order to realize a return upon retirement (freq. attrib.). E16.
old age pension, State pension, war pension, etc. personal pension: see PERSONAL adjective.
S. Unwin The married man..completed over fifty years' service with the firm, and eventually retired on a pension. R. P. Jhabvala When my father died, my mother was promised a pension from his office. M. Atwood He got the limp in the war and it was typical of the government that they wouldn't give him a pension. M. Wesley She has her old age pension, hasn't she? Which? The basic pension is paid to everyone who has sufficient National Insurance..contributions.
a. Payment for board and lodging, or for the board and education of a child. M16-E19.
b. A usu. fixed-rate boarding-house or (formerly) a boarding-school in France or another country in Continental Europe. M17.
EN PENSION. in pension = EN PENSION.
E. Heath The young officer dropped us near a small pension which..had a couple of rooms.
Comb.: pension book: supplied by the government, in which a record of pension payments received is kept; pension fund the funds invested by a company etc. for the payment of pensions to former employees or (occas.) their dependants; pension mortgage: in which the borrower repays interest only and also contributes to a pension plan, part of the proceeds of which is used to repay the capital at the end of the mortgage period; pension plan an arrangement or system for contributions into and payments from a pension fund.
b. verb.
verb trans. Grant a pension to. Also, retain or bribe with a pension. Now rare. L16.
Wellington A plan for pensioning public officers incapable of service is required. Daily Telegraph In his last, invalid years the Spain of Don Juan Carlos honoured and pensioned him.
b. Foll. by off: dismiss with a pension, esp. on retirement; cease to employ or use. M19.
M. Forster Even now, when she was old and pensioned off, Miss Arabel visited her faithfully.
verb intrans. Live or stay in a pension or boarding-house. Now rare. M17.
? Formerly fully naturalized in sense A.6b.
pensionless adjective M19.