(from the article `annuity`) There are two main classes of annuities: annuities certain and contingent annuities. Under an annuity certain, the payments are to continue for a ...
An annuity that pays a specific amount on a monthly basis for a set amount of time.
An annuity that pays a specific amount on a monthly basis for a set amount of time.
See... <a target=_blank href='http://www.finance-glossary.com/terms/annuity-certain.htm?id=62&ginPtrCode=00000&PopupMode=false' title='Read full definition of annuity certain'>more</a>
an annuity payable for a certain number of years regardless of any contingency.