annuity due

Definition

A form of annuity where periodic receipts or payments are made at the beginning of the period and one period of the annuity term remains after the last payment.

Use annuity due in a sentence

You should always make sure that you are making all the annuity due payments on time so that you don't get any fees.

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The annuity due was taken on without a lot of forethought and the company was in grave danger of being unable to make the payments.

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The funds would come in the form of an annuity due. He would receive periodic payments in the beginning and one more annuity payment was due at the end.

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