In this case _arity_ is not "only" the number of argument places.
The funcion $f$ has $n$ argument places but each argument place $i$ must be "filled" with a term of sort $\sigma_i$.
Consider e.g a binary function $f$ whose arguments are the first one a _natural_ number and the second one a _real_ and whose value is a _complex_ :
> $f : \mathbb N \times \mathbb R \to \mathbb C$.