ordinary annuity


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Related to ordinary annuity: Annuity due
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Noun1.ordinary annuity - an annuity paid in a series of more or less equal payments at the end of equally spaced periods
annuity, rente - income from capital investment paid in a series of regular payments; "his retirement fund was set up to be paid as an annuity"
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A An ordinary annuity is like that old advert, "it does exactly what it says on the tin".
Thus, we can then compute the probability that an individual will have a higher income from a GSA plan than from an ordinary annuity.
This is not the case with an ordinary annuity, which pays a guaranteed income until death but does not pay any of the remaining money into the estate for the relatives," explains Simon Blanckley.