Examlex
Ingmar asks Jessie to contract with Jessie's high school classmates to babysit Ingmar's new baby. Jessie orally agrees to do so. This is
Annuity Due
An annuity in which the payments are made at the beginning of each period; contrast with ordinary annuity, where payments are made at the end of the period.
Ordinary Annuity
Uniform payments issued at sequential period endings, over a pre-defined timespan.
Savings Account
A deposit account held at a bank or financial institution that offers interest earnings and the safety of the deposited funds.
Consol
A type of perpetuity.
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