Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
Annuity due is different from annuity dude, the guy who sold you the annuity in the first place. An annuity due is an annuity that pays at the beginning of a time period. If you have an annuity due and you get monthly checks from it, you can expect those checks to start showing up at the start of the month (rather than later).