* Site-Outage Notice: Our engineering elves will be tweaking the Shmoop site from Monday, December 22 10:00 PM PST to Tuesday, December 23 5:00 AM PST. The site will be unavailable during this time.
Dismiss
© 2014 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Ordinary Annuity

Definition:

An ordinary annuity is an annuity where the payout is based on the end of the period. An annuity due is the same annuity, but the payment is made at the beginning of the period."

Advertisement