Annuity

Something that pays regular cash flows at fixed periods over a given period of time.

REMARKS

There are two basic types:

Ordinary Annuity - cash flows are made at the end of each period.

Annuity Due - cash flows are made at the start of each period.

a recurring periodic series of payments

an insuarance like contract providing monthly, quarterly, semi-annual or annual payments

an annuity that does not have a defined end is called a perpetuity

an annuity is a type of insurance policy that provides a regular income in exchange for a lump sum

an annuity is an investment that guarantees to pay you an income for the rest of your life, no matter how long you live

Refers to a series of fixed payments on explicit dates over a period of time

Examples include regular deposits, monthly mortgage payments