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GLOSSARY
Canadian Financial, Real Estate and Mortgage Glossary
How often this word is used
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50% - Moderately
50% - Moderately
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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