Annuity: Difference between revisions
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1. | 1. ''Cash flow - equal periodicity.'' | ||
A series of equal future periodic cash flows, starting exactly one period into the future. | A series of equal future periodic cash flows, starting exactly one period into the future. | ||
2. | 2. ''Cash flow - variable.'' | ||
More generally, any series of future periodic cash flows, either equal in amount or growing at a fixed compound rate per period, starting at a future date or already in payment, and usually ending at a later future date. | More generally, any series of future periodic cash flows, either equal in amount or growing at a fixed compound rate per period, starting at a future date or already in payment, and usually ending at a later future date. | ||
3. | 3. ''Periodic income.'' | ||
Any financial arrangement in which a periodic income is paid to an individual, often as a pension. | Any financial arrangement in which a periodic income is paid to an individual, often as a pension. | ||
4. | 4. ''Insurance.'' | ||
An insurance contract purchased from a life assurance company that pays an income in exchange for a lump sum. | An insurance contract purchased from a life assurance company that pays an income in exchange for a lump sum. | ||
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* [[Annuity formula]] | * [[Annuity formula]] | ||
* [[Annuity ordinary]] | * [[Annuity ordinary]] | ||
* [[Cash flow statement]] | |||
* [[Cashflow]] | |||
* [[Coupon strip]] | * [[Coupon strip]] | ||
* [[Defined contribution pension scheme]] | |||
* [[Growing annuity factor]] | * [[Growing annuity factor]] | ||
* [[Insurance]] | |||
* [[Lump sum]] | * [[Lump sum]] | ||
* [[Pension]] | * [[Pension]] | ||
Latest revision as of 14:14, 10 August 2021
1. Cash flow - equal periodicity.
A series of equal future periodic cash flows, starting exactly one period into the future.
2. Cash flow - variable.
More generally, any series of future periodic cash flows, either equal in amount or growing at a fixed compound rate per period, starting at a future date or already in payment, and usually ending at a later future date.
3. Periodic income.
Any financial arrangement in which a periodic income is paid to an individual, often as a pension.
4. Insurance.
An insurance contract purchased from a life assurance company that pays an income in exchange for a lump sum.
There are many variations on annuities, depending on the nature of the income stream.
