Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
See annuity, annuitize. This is different from Annuity Dude who is the guy who sold you the annuity in the first place. An annuity due pays at the beginning of the period, so if you get a monthly check and it's from an annuity due, start looking in your mailbox around the first of the month, rather than at the end.