ANNUITY Definition

Bookmark and Share

ANNUITY, in finance, is a series of fixed payments, usually over a fixed number of years; or for the lifetime of a person, in which case it would be called a life-contingent annuity or simply life annuity.

Learn new Accounting Terms

GENERAL CONTROLS, in accounting, are the policies and procedures to assure proper operation of computer systems, including controls over network operations, software acquisition and maintenance, and access security.

RETROSPECTIVE is to be concerned with or related to the past, e.g. managements review of the prior years performance.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.