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Definition of Ordinary annuity
1. Noun. An annuity paid in a series of more or less equal payments at the end of equally spaced periods.
Lexicographical Neighbors of Ordinary Annuity
Literary usage of Ordinary annuity
Below you will find example usage of this term as found in modern and/or classical literature:
1. Modern Business Arithmetic, Complete Course by Harry Anson Finney, Joseph Clifton Brown (1922)
"An ordinary annuity is a series of equal payments made at the end of equal ...
Amount of ordinary annuity. The amount of an ordinary annuity is the sum of ..."
2. The Mathematical Theory of Investment by Ernest Brown Skinner (1913)
"first payment of an annuity due is cash, and the remainder of the payments
constitute an ordinary annuity with one interval less. We have therefore a-, ..."
3. Mathematics of Finance by Henry Lewis Rietz, Arthur Robert Crathorne, J. Charles Rietz (1921)
"The amount is evidently the same as the amount of an ordinary annuity for the
same term. In symbols, we may then write L(p) _ „(? ..."
4. Actuarial Science: An Elementary Manual by Ninian Glen (1893)
"+(1 +*)»-!, ie the amount of an annuity-due for n years is equal to the amount
of an ordinary annuity-certain for (n+ 1) years, minus 1. ..."
5. Insurance, a Practical Exposition for the Student and Business Man by Thomas Emley Young (1920)
"In primitive periods of Actuarial investigation, the value furnished was that of
an ordinary annuity where no protection was involved against loss by death ..."
6. The Assurance Magazine (1851)
"For example, the value of an ordinary Annuity on a single life aged A years will
be represented in my Notation (1840) by IA, and the value of a reversion of ..."
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