An annuity due is a type of annuity where payments are made at the beginning of each period, as opposed to an ordinary annuity where payments are made at the end of each period.
An annuity in arrears, also known as an ordinary annuity, is a series of equal payments made at the end of consecutive periods over a fixed length of time. It contrasts with an annuity due, where payments are made at the beginning of each period.
A series of equal or nearly equal payments made at the end of each equally spaced period. An ordinary annuity is commonly used in financial products like mortgages, leases, bonds, and retirement accounts.
