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: Annuity in Advance

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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

Annuity in Advance

Synonyms:	advance, money given beforehand, up-front annuities
Filed Under:	annuities, financial-banking, investments
Tags:	annuity, banking, investment

Definition of annuity in advance

annuity in advance: 1. An arrangement where payments are made at the beginning of each period instead of at the end. An example of an annuity in advance would be rent payments, which are paid in advance for the upcoming month. Also known as "annuity due."

Related Terms and Acronyms:

annuity A financial instrument that disperses a number of payments over a set period of time.
annuity in arrears When payments are made at the end of a period as opposed to the start.

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