ANNUITY IN ADVANCE

Pronunciation (US): (GB):

Meaning:

An annuity paid in a series of more or less equal payments at the beginning of equally spaced periods

Example:

rent payable in advance constitutes an annuity in advance for the landlord

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("annuity in advance" is a kind of...):

annuity; rente (income from capital investment paid in a series of regular payments)

Hyponyms (each of the following is a kind of "annuity in advance"):

rent (a payment or series of payments made by the lessee to an owner for use of some property, facility, equipment, or service)