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annuity due |
Also found in: Acronyms | 0.01 sec. |
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Annuity due An annuity with n payments, where the first payment is made at time t = 0, and the last payment is made at time t = n - 1. Annuity Due A payment that must be made at the beginning, rather than at the end, of a period. For example, an annuity due may require payment at the beginning of the month instead of at the end. Many lease agreements have annuity due payments, while credit cards, for example, do not.
annuity due See advance payment annuity.Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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