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annuity due

   Also found in: Acronyms 0.01 sec.
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
An annuity in which payments are made at the beginning of each period. Compare ordinary annuity.

annuity due
See advance payment annuity.


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You can't tell consumers that no one has ever lost money in a fixed annuity due to carrier failure, because they have, but you can tell them this: From 1994 through 2008 there were 94 bank failures.
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