annuity due(redirected from Annuities 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.
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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.
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An annuity in which payments are made at the beginning of each period. Compare ordinary annuity.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
annuity dueSee advance payment annuity.
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