Regular Payment Plan

Annuity - An annuity is a financial product or arrangement that provides a series of payments made at equal intervals over a specified period. Annuities are commonly used for retirement income, insurance, and investment purposes, and can be structured as fixed, variable, immediate, or deferred, depending on the timing and variability of payments.

Class Information

Identification

Label (rdfs)
Annuity
Preferred Label
Regular Payment Plan
Alternative Labels
Investment Annuity, Periodic Payment Plan, Regular Disbursement Plan
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Definition and Examples

Definition
An annuity is a financial product or arrangement that provides a series of payments made at equal intervals over a specified period. Annuities are commonly used for retirement income, insurance, and investment purposes, and can be structured as fixed, variable, immediate, or deferred, depending on the timing and variability of payments.
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Additional Information

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Deprecated
False

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