Ordinary Annuity
Definition of "Ordinary annuity"
Same as term annuity: Equal period payments or receipts. Examples of an annuity are annual rental receipts from a real estate investment and cash dividends from a real estate firm's preferred stock. There are two types of an annuity. They are an ordinary annuity, where payments or receipts occur at the end of the period; and an annuity due, where payments or receipts are made at the beginning of the period.
Popular Real Estate Terms
Request of a local government's planning body to alter the zoning requirements based on a justifiable reason. ...
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Trust beneficiary of an individual who is legally entitled to the property and financial benefits of a trust whose title is in another name. ...
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income statement destroyed by a casualty such as a fire. This requires the reconstruction of the income statement based on source records, information, and documents. Income statement ...
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The rate, usually expressed annually, charged on money borrowed or lent. The interest rate may be variable or fixed. The higher the risk, the higher the interest rate. Mortgage interest ...
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