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Glite Dictionary
annuity in advance

annuity in advance

8.0
A series of payments people receive at the start of each period
  • noun
  • Specialized
translation icon : anualidad anticipada
  • If you pay your rent at the beginning of each month, it is considered an annuity in advance.

Examples

  • An annuity in advance ensures the recipient receives payment at the start of every term.

  • Mortgage repayments structured as an annuity in advance can have different present value calculations than those at period end.

  • You can receive your annuity in advance if you qualify.

  • Many retirees prefer an annuity in advance for financial stability.

  • An annuity in advance allows you to start receiving payments immediately at the beginning of the term.

  • For better cash flow, consider choosing an annuity in advance where payments are made at the start of each period.

  • Individuals often opt for an annuity in advance to ensure they have funds available right when they need them.

Surface Forms

annuity in advance singular
annuities in advance plural

Morphology

annuity + in + advance

The meaning is compositional: 'annuity' denotes the regular payment and 'in advance' means before the period. A B1 learner who knows both constituents would readily infer that payments are made at the beginning of each period rather than the end, a transparent and cross-linguistically common timing construction.

Etymology

Annuity in advance comes from the simple image of a regular payment plan: an annuity is a series of payments and advance means 'before' the period starts. So it means 'payments are made at the start of each period'.