annuity due

Also found in: Acronyms.

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.
References in periodicals archive ?
CNTI acquired the remaining 51% of DCP from the DCP shareholders through the exchange of a $1 million annuity, a demand registration of CNTI shares to raise $2 million in cash in the event its present Regulation D offering has a shortfall of proceeds required for the purchase of an additional annuity due to the DCP shareholders by September 30, 1997, and the issuance of 750,000 shares of CNTI common stock.
In addition, although new business production has been discontinued at IL Annuity due to product persistency problems, the balance of annuity business in other AmerUs Group companies is profitable and within pricing expectations.