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Annuity vs Instalment - What's the difference?

annuity | instalment |

As nouns the difference between annuity and instalment

is that annuity is a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient’s life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment. For example, a retirement annuity paid to a public officer following his or her retirement while instalment is an alternative spelling of lang=en.

annuity

English

(wikipedia annuity)

Noun

(annuities)
  • A specified income payable at stated intervals for a fixed or a contingent period, often for the recipient’s life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment. For example, a retirement annuity paid to a public officer following his or her retirement.
  • The right to receive such an income.
  • The duty to make such a payment or payments.

    • Derived terms

    * annuitant

    Related terms

    * perpetuity

    instalment

    English

    Noun

    (en noun)
  • (British, Canadian)
    • * (English Citations of "instalment")

    Usage notes

    * Both spellings common in Commonwealth countries outside the UK. * US prefers installment.