HyperDic: annuity_in_advance

English > 1 sense of the expression annuity in advance:
NOUNpossessionannuity in advancean annuity paid in a series of more or less equal payments at the beginning of equally spaced periods
English > annuity in advance: 1 sense > noun 1, possession
MeaningAn annuity paid in a series of more or less equal payments at the beginning of equally spaced periods.
Example"rent payable in advance constitutes an annuity in advance for the landlord"
NarrowerrentA payment or series of payments made by the lessee to an owner for use of some property, facility, equipment, or service
Broaderannuity, renteincome from capital investment paid in a series of regular payments

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