Accounting Dictionary


When a person receives money at the end of every year for a certain number of years instead of receiving the money all at once in one lump sum, we call the payments an annuity.

John had a choice of receiving $10,000 now or $2,100 at the year for five years. If he chose the yearly payments, we would say he has an annuity

Sign Up to Learn More!

Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!

Scroll to Top