Ordinary annuity

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Ordinary annuity (alternatively known as deferred annuity) is an annuity with a fixed number of equal payments occurring at the end of each period.


Definitions

According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),

Ordinary annuity (deferred annuity). An annuity with a fixed number of equal payments occurring at the end of each period.

According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),

Ordinary annuity (differed annuity). An annuity whose payments occur at the end of each period.

Related concepts

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