Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
Division of

The Mortgage Group®


GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
^
50% - Moderately

Annuity in Advance


Synonyms:advance, money given beforehand, up-front annuities
Filed Under: annuities, financial-banking, investments
Tags: annuity, banking, investment
 

Definition of annuity in advance

annuity in advance
1. An arrangement where payments are made at the beginning of each period instead of at the end. An example of an annuity in advance would be rent payments, which are paid in advance for the upcoming month. Also known as "annuity due."

Related Terms and Acronyms:

  • annuity   A financial instrument that disperses a number of payments over a set period of time.
  • annuity in arrears   When payments are made at the end of a period as opposed to the start.

Search the Glossary

The Greatest Mortgage Calculator
Some would say that you can't improve on perfection — we respectfully disagree. We feel our new mortgage calculator is the greatest we've ever made and the best on the internet. Try it today and compare different mortgage rates, terms and amortizations.
Greatest Mortgage Calculator
 
Not All Brokers Offer Great Rates
The majority of brokers in Canada limit themselves to using a small network of lenders. We however, have access to dozens of lenders and the lowest mortgage rates in Canada.
Mortgage Rates
 
Debt Consolidation
Is your phone ringing off the hook? Stop screening your calls! Use the equity in your home to consolidate your debt and make those irksome creditors vanish forever! Click here to learn more.
Debt Consoldation