annuity due

Definition of "annuity due"
  1. An annuity payment plan where the benefits are dispensed at the start of every applicable interval, not at the finish
How to use "annuity due" in a sentence
  1. The retiree opted for an annuity due so that they could get the money at the start of the month.
  2. With an annuity due, companies receive their payments upfront.
  3. An annuity due differs from an ordinary annuity where payments are made at the end of each period.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z