[Ctd] APFinancial -
paul.kholer at gmail.com
Sat Jan 12 13:15:03 PST 2008
APFinancial - equal payments
A stream of equal payments to an individual, such as to a retiree, that
occur at predetermined intervals (that is, monthly or annually). The
payments may continue for a fixed period or for a contingent period, such as
for the recipient's lifetime. Although annuities are most often associated
with insurance companies and retirement programs, the payment of interest to
a bondholder is also an example of an annuity.
Thank you, APFinancial
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