A series of periodic payments, payable monthly or at other specified intervals, often over the lifetime of the recipient. Pension payments are often paid to retirees in the form of an Annuity.
« Back to Glossary IndexA series of periodic payments, payable monthly or at other specified intervals, often over the lifetime of the recipient. Pension payments are often paid to retirees in the form of an Annuity.
« Back to Glossary Index