Annuity (European Financial Arrangements)
An annuity is a financial contract which provides an income stream in return for an initial payment with specific parameters. It is the opposite of a settlement funding. A Swiss Annuity is not considered a European annuity for tax reasons.
Read more about Annuity (European Financial Arrangements): Immediate Annuity, Deferred Annuity, Government Incentives, Terminable Annuities, Annuity Calculations, History of Calculating Life Annuities or Pensions
Famous quotes containing the word financial:
“Creditor. One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions.”
—Ambrose Bierce (1842–1914)