Annuity Due
An annuity whose payment is to be made immediately, rather than at the end of the period. Investopedia Says:
An annuity due requires payments to be made at the beginning of the period. For example, in many lease arrangements, the first payment is due immediately and each successive payment must be made at the beginning of the month. Related Terms:
Annuitization Method
Annuity
Immediate Payment Annuity
Lease
Ordinary Annuity
Payout Phase
Registered Retirement Income Fund - RRIF |