Tax Law Term “Annuity“
Contract providing periodic payments beginning at retirement or other fixed date and continuing for a term of years or for the life of the annuitant.
An annuity is a series of payments made at equal intervals. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments. Annuities can be classified by the frequency of payment dates. Wikipedia
Browse topics related to ‘Annuity’
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