Annuity Due
An annuity whose payment is to be made immediately, rather than at the end of the period.
Investopedia Commentary
An annuity due requires payments to be made at the beginning of the period. For example, in many lease arrangements, the first payment is due immediately and each successive payment must be made at the beginning of the month.
Related Links
An Overview Of Annuities
Selecting The Payout On Your Annuity
Anything But Ordinary: Calculating The Present And Future Value Of Annuities
Registered Retirement Savings Plans
See also: Annuitization Method, Annuity, Immediate Payment Annuity, Lease, Ordinary Annuity, Payout Phase, Registered Retirement Income Fund - RRIF
annuity due