annuity in advance

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”
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    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
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