Definition of pension

• n. - A payment; a tribute; something paid or given.
• n. - A stated allowance to a person in consideration of past services; payment made to one retired from service, on account of age, disability, or other cause; especially, a regular stipend paid by a government to retired public officers, disabled soldiers, the families of soldiers killed in service, or to meritorious authors, or the like.
• n. - A certain sum of money paid to a clergyman in lieu of tithes.
• n. - A boarding house or boarding school in France, Belgium, Switzerland, etc.
• v. t. - To grant a pension to; to pay a regular stipend to; in consideration of service already performed; -- sometimes followed by off; as, to pension off a servant.