Accounting Dictionary - Letter A

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
Annuity
is the payment (or receipt) of equal amounts of money for a specified (fixed) number of periods. An example of an annuity is a series of equal cash dividends received from preferred stocks. There are two types of annuities: ordinary annuity and annuity due.
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