Variable closed:	1.8%
1 year closed:	1.79%
3 year closed:	1.79%
5 year closed:	1.84%
10 year closed:	2.94%

Mortgage Super Brokers > Library & Listings > Glossary > Definition: Accumulation Period (AP)

Search the Glossary

GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

Accumulation Period

Synonyms:	accumulation phase, deferral period, deferral phase, savings period, savings phase
Acronyms & abbreviations:	AP
Filed Under:	annuities, financial-banking, investments
Tags:	annuity, investment

Definition of accumulation period (AP)

accumulation period (AP): 1. The stretch of time where an individual builds up the value of their investment. As it relates to annuities, the accumulation period is the phase where the annuitant makes contributions to the annuity. Also known as the "accumulation phase," "deferral phase," "deferral period," "savings period," or "savings phase."

Related Terms and Acronyms:

deferred annuity An annuity that makes payments to the annuitant at some date in future instead of immediately.
instalment The regular periodic payment that a borrower agrees to make the lender.
investment in the contract The principal that has been contributed to an annuity.
life expectancy method A method of calculating the appropriate size of payments in an annuity's income phase by estimating the annuitant's life expectancy.
payout phase The phase of a deferred annuity where the annuity begins to make payments to the annuitant.
split-funded annuity Two annuities purchased together, one with a deferred payout and the other with an immediate payout.

Search the Glossary

Mortgage Rates

Ready access to and relationships with a vast array of lenders gives our brokers the unique ability to offer you amazing mortgage rates and flexible products.

Try a Mortgage Super Broker

With the right mortgage broker you're not just a number in a file somewhere, you're a VIP. Here, your satisfaction is our mission. We work tirelessly in order to offer you the best rates and services so that when you eventually need to renew, refinance, or make another home purchase, you'll want to stay with us. Apply today and see what our brokers can do for you.

Compare Mortgage Payments

You can easily save tens of thousands of dollars in interest by arranging your mortgage payment schedule in a more efficient way. Use our new mortgage calculator to mix and match interest rates and terms, try different down payment amounts, find out how pre-payments affect the total interest you will end up paying over the course of your loan, and even compare two different mortgages side-by-side.