Identification
- Label (rdfs)
- Annuity
- Preferred Label
- Regular Payment Plan
- Alternative Labels
- Investment Annuity, Periodic Payment Plan, Regular Disbursement Plan
- Identifier
- N/A
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.