ORDINARY ANNUITY
(noun)Did you mean?
Definitions
There is 1 meaning of the phrase
Ordinary Annuity.
Ordinary Annuity - as a noun
An annuity paid in a series of more or less equal payments at the end of equally spaced periods
Example Sentences
"An ordinary annuity is a series of equal payments made at the end of each period."
"Purchasing a life insurance policy can provide an individual with an ordinary annuity upon retirement."
"The monthly mortgage payments on the house are structured as an ordinary annuity."
"Investing in a fixed deposit account offers an ordinary annuity to the investor."
"The pension plan offers a monthly ordinary annuity to the retired employees."
