Definition of Annuity

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Debt Consolidation Loan and Related Financial Terminology:


Related Financial Services - The following list of company and services directories offer a wide variety of programs for consolidating bills and other similar services, such as a getting a mortgage refinance interest rate quote from a lender or an online quote for life or car insurance.

  • Debt Consolidation Programs - If you have a large amount of  credit card and other debts, now may be a good time to consolidate your debt and lower your payments.
  • Debt Management Counseling - Having trouble managing the demands of mounting credit card debts and other bills? You are not alone. Using the services of a debt management company may be the solution to your problems.

Annuity definition

Define Annuity: In the most basic sense, an annuity is a sum of money paid at a scheduled interval. It is most often used in personal finance to describe a type of investment that receives regular deposits throughout a person's working career and then distributes regular compensation to the person during retirement. In this sense, an annuity differs from an investment instrument such as an IRA because the annuity will continue scheduled payments to the retiree regardless of how long he or she lives and independent of how much money they contributed.


The term annuity has been utilized to such a degree, however, that it has become nearly meaningless. In other words, a wide variety of different types of financial instruments are described as an annuity.



Definitions of Debt Consolidation and Personal Finance Terms
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