An Annuity is a term of financial contract that guarantees a fixed or variable payment of income benefit by life insurance companies or a pension programme for a specified period of time.
Related Definitions in the Project: The Bond and Insurance
Annuity
ThePD (The Project Definition)
ThePD has been developing the Preferred Project Definitions based on the actual project execution and operation experiences and knowledge with the Project Language, and sharing with you daily basis.