annuity in advance

English - English

Definition of annuity in advance in English English dictionary

A form of periodic payment Payments are made at the beginning of each payment period rather than at the end of each period, as with a normal annuity

An annuity in which payments are made at the beginning of each period as contrasted with an ordinary annuity in which payments are made at the end of each period

an annuity paid in a series of more or less equal payments at the beginning of equally spaced periods; "rent payable in advance constitutes an annuity in advance for the landlord

Hyphenation

an·nu·i·ty in ad·vance

Turkish pronunciation

ınyuîti în ıdväns

Pronunciation

/ənˈyo͞oətē ən ədˈvans/ /ənˈjuːɪtiː ɪn ədˈvæns/