In general, a fixed amount that is paid or received each year for a period of time or for life, and which originates from an imposition, insurance, donation, or usufruct.
« Back to Glossary IndexAnnuity
« Back to Glossary Index
In general, a fixed amount that is paid or received each year for a period of time or for life, and which originates from an imposition, insurance, donation, or usufruct.
« Back to Glossary Index