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Lizbet is a predictable, friendly baby, and adjusts in a few minutes when left with a caregiver, but cries when the vacuum is run. How would you describe her temperament?
Deferred Annuity
A financial security provided by insurers that holds back the distribution of income, either through regular installments or a one-time sum, until it's opted for by the investor.
Ordinary Annuity
A series of equal payments made at regular intervals, with the first payment occurring at the end of the period.
Deferred Annuity
An insurance contract in which periodic payments begin at some future date, typically used as a retirement savings vehicle.
Ordinary Annuity
An ordinary annuity is a series of equal payments made at the end of consecutive periods over a fixed length of time.
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