Annuity
An investment where the investor pays a lump sum in return for a regular income, usually for the rest of their life.
« Back to Glossary Indexby Mike Rawson ·
An investment where the investor pays a lump sum in return for a regular income, usually for the rest of their life.
« Back to Glossary Index
by Mike Rawson · Published August 17, 2016 · Last modified June 16, 2020
by Mike Rawson · Published December 23, 2016 · Last modified November 8, 2019
by Mike Rawson · Published January 25, 2022
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Compound interest is the eighth wonder of the world.