Annuity Due Apaymentthat must be made at the beginning, rather than at the end, of a period. For example, an annuity due may require payment at the beginning of the month instead of at the end. Manyleaseagreements have annuity due payments, whilecredit cards, for example, do not. ...
The meaning of ANNUITY is a sum of money payable yearly or at other regular intervals. How to use annuity in a sentence. Did you know?
Guaranteed Income:The primary benefit of a Whole Life Annuity Due is the assurance of a steady income stream that lasts for life. This can provide both financial stability and peace of mind, especially during retirement years. Tax Advantages:In many countries, annuity payments are given preferentia...
: an annuity payable over a specified period even if the annuitant dies — annuity due plural annuities due : an immediate annuity in which the payment of the benefits is made at the beginning of each payment interval rather than at the end — contingent annuity : an annuity whose sta...
annuity due (Dictionary) Author: Harold Averkamp, CPA, MBA Definition A series of equal amounts occurring at the beginning of each equal time interval. Also known as an annuity in advance. An example would be the monthly rent on an apartment....
Related to Ordinary Annuities: Annuity dueThesaurusAntonymsRelated WordsSynonymsLegend: Switch to new thesaurus Noun 1. ordinary annuity - an annuity paid in a series of more or less equal payments at the end of equally spaced periods annuity, rente - income from capital investment paid in a ...
Define Survivor Annuity. means the entitlement to a future amount payable to a survivor as the remainder interest of an optional annuity form implied by law as having been chosen by a deceased member before the date of death and effective on the date of
annuityAlso found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia. Related to annuity: present value of annuity, Annuity due, Annuity TableAnnuity A regular periodic payment made by an insurance company to a policyholder for a specified period of time. Copyright © 2012, ...
An annuity due may arise due to any recurring obligation. Many monthly bills, such as rent, car payments, and cellphone payments, are annuities due because the beneficiary must pay at the beginning of the billing period. Insurance expenses are typically annuities due, as the insurer requires pay...
All three types of deferred annuities grow on a tax-deferred basis.2 The period when the investor is paying into the annuity is known as theaccumulation phase(or savings phase). Once the investor elects to start receiving income, thepayout phase(or income phase) begins. Many deferred annuiti...