corrody

noun

1. (historical, obsolete)A form of pension or annuity given by a religious institution as provision for maintenance.

   “The corrody became first and foremost a grant of money or victuals, or other means of livelihood, made by a monastery or other religious or charitable corporation to dependents on its bounty.”

   “Corrodies were of three kinds: retirement arrangements for former abbots and priors; private deals struck by outsiders to provide board and lodging, in return for gifts of cash or property; and […] grants to crown servants.”