annuity

Noun
  1. is a type of: regular payment - a payment made at regular times
    subtypes:
    • annuity in advance - an annuity paid in a series of more or less equal payments at the beginning of equally spaced periods
    • ordinary annuity - an annuity paid in a series of more or less equal payments at the end of equally spaced periods
    • reversionary annuity, survivorship annuity - an annuity payable to one person in the event that someone else is unable to receive it
    • tontine - an annuity scheme wherein participants share certain benefits and on the death of any participant his benefits are redistributed among the remaining participants; can run for a fixed period of time or until the death of all but one participant
    same as: rente

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