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Synonyms
pen·sion1 (pĕńshən)

[Middle English pensioun, payment, from Old French pension, from Latin pēnsiō, pēnsiōn-, from pēnsus past participle of pendere, to weigh, pay.]

noun 

A sum of money paid regularly as a retirement benefit or by way of patronage.

transitive verb: -sioned, -sion·ing, -sions. 

  1. To grant a pension to.
  2. To retire or dismiss with a pension: “Some French farmers suggest that the Government pension off the older and less efficient farmers” (E.J. Dionne, Jr.)

derivatives

peńsion·a·ble
adjective
pen·sion2 (päN-syôŃ)

[French, from Old French, payment; see pension1.]

noun 

  1. A boarding house or small hotel in Europe: “A pension had somewhat less to offer than a hotel; it was always smaller, and never elegant; it sometimes offered breakfast, and sometimes not” (John Irving)
  2. Accommodations or the payment for accommodations, especially at a boarding house or small hotel in Europe.
  3. Room and board.