Ordinary Annuity
A series of fixed payments made at the end of each period over a fixed amount of time. Investopedia Says:
An ordinary annuity is essentially a level stream of cash flows for a fixed period of time. Straight bond coupon payments are normally referred to as ordinary annuities. Related Terms:
Annuity
Annuity Due
Bond
Coupon
Immediate Payment Annuity
Lease
Variable Annuity |