Ordinary Annuity
A series of fixed payments made at the end of each period over a fixed amount of time.
Investopedia Commentary
An ordinary annuity is essentially a level stream of cash flows for a fixed period of time. Straight bond coupon payments are normally referred to as ordinary annuities.
Related Links
Anything But Ordinary: Calculating The Present And Future Value Of Annuities
Getting the Whole Story on Variable Annuities
Passing the Buck: The Hidden Costs of Annuities
See also: Annuity, Annuity Due, Bond, Coupon, Immediate Payment Annuity, Lease, Variable Annuity
ordinary annuity