Vocab Bloom Hub

annuity in advance

/əˈnjuːɪti ɪn ədˈvɑːns/

1 entry

phrase

/əˈnjuːɪti ɪn ədˈvɑːns/C1formalbusiness
  • ruФинансовый термин, обозначающий серию равных платежей, производимых в начале каждого периода, а не в конце. Обычно используется в страховании, пенсионных и кредитных соглашениях.

A financial term referring to a series of equal payments made at the beginning of each period, rather than at the end. It is commonly used in insurance, pensions, and loan agreements.

  1. Payment at the beginning of a periodC1formal

    An annuity where payments are made at the start of each period, rather than at the end.

    ruАвансовый аннуитет

    • The lease requires an annuity in advance, with rent paid on the first of each month.
    • Annuity in advance is often used in insurance policies to ensure immediate coverage.
    • The investor chose an annuity in advance to receive funds at the beginning of the year.