Annuity Flashcards
1
Q
is an annuity with indefinite dates for either the first or the last payments.
A
CONTINGENT ANNUITY
2
Q
is an annuity with fixed dates for both the first and last payments
A
ANNUITY CERTAIN
3
Q
is an annuity with the same interest conversion dates and payment dates
A
SIMPLE ANNUITY
4
Q
an annuity where the payment dates do not coincide with the interest conversion periods
A
GENERAL ANNUITY
5
Q
is an annuity for which payments are made at the end of the interest conversion periods
A
ORDINARY ANNUITY
6
Q
– is an annuity for which payments are made at the beginning of each interest conversion period.
A
ANNUITY DUE
