Annuity in arrears(redirected from Annuities in Arrears)
Annuity in arrears
An annuity with a first payment one full period hence, rather than immediately.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Annuity in Arrears
A payment that is made at the end of a period. For example, one usually makes a monthly mortgage payment at the end of the month, when a certain amount of interest has had a chance to accumulate. An annuity in arrears often, but not always, refers a loan payment. It should not be confused with "in arrears," which describes a payment that is late.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved