Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Annuity Due

Updated on 2023-08-29T11:59:13.520289Z

A recurring payment of the same amount, which is due immediately after the start of each period and after a regular period of time, is referred to as annuity due.

Example: The rent for a certain month has to paid at during the start of the month with equal rent being paid every month. These payments are an annuity due.