Generally, any contract that provides a regular stream of income in return for an initial payment. – In the case of an investment, the sum of the (annual) repayment portion and the interest rate. – Interest plus repayment; generally payments of a constant amount made at equal intervals over a specified term at the beginning (advance annuity) or at the end (deferred, equivalent annuity) of a period. – Annual payment by a debtor consisting of a repayment portion and interest that remains unchanged over the entire repayment period. In this case, the repayment portion increases and the interest payment decreases accordingly. – In life insurance, regular payments after a previous lump sum payment to the insurance company or regular payments prior to the start of the annuity (a regular income for life or an agreed shorter period purchased from a life insurance company for the immediate payment of a lump sum or a series of regular payments prior to the onset of the annuity). – See discounting, compounding paper, commercial paper, federal financing treasury, zero-coupon bond.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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