Variable closed:	1.98%
1 year closed:	2.14%
3 year closed:	2.14%
5 year closed:	2.24%
10 year closed:	3.39%

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

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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.

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