Annuity
Annuity is a series of payments of a fixed amount for a specified number of periods.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Annuity. A series of payments of a fixed amount for a specified number of periods.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Annuity. A series of equal payments at fixed intervals for a specified number of periods.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
