annuity in advance

/əˌnuədi ɪn ədˌvæns/

Definitions of annuity in advance

1. noun

   an annuity paid in a series of more or less equal payments at the beginning of equally spaced periods
   “rent payable in advance constitutes an annuity in advance for the landlord”

   types:

   rent

   a payment or series of payments made by the lessee to an owner for use of some property, facility, equipment, or service

   ground rent

   payment for the right to occupy and improve a piece of land

   peppercorn rent

   very low or nominal rent

   rack rent

   an extortionate rent

   type of:

   annuity, rente

   income from capital investment paid in a series of regular payments