Annuity: Difference between revisions
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1. | |||
A series of equal future periodic cash flows, starting one period into the future. | |||
2. | |||
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. | |||
Any financial arrangement in which a periodic income is paid to an individual, often as a pension. | |||
There are many variations on | |||
4. | |||
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. | |||
Revision as of 14:06, 11 May 2016
1.
A series of equal future periodic cash flows, starting one period into the future.
2.
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.
Any financial arrangement in which a periodic income is paid to an individual, often as a pension.
4.
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.
