Actuarial Terms and Algebra Written for HTML 3.0. The right to receive an amount each year for a specified period of years.
Payment is made at the end of each year.
An annuity due is also called a rent. The right to receive an amount on a given date, provided an individual is still alive. The right to receive an amount each year for as long as an individual is alive. The right to receive an amount each year for n years, providing that an individual is still alive. Also called a temporary life annuity.