Annuity (European Financial Arrangements)
An annuity is a financial contract which provides an income stream in return for an initial payment with specific parameters. It is the opposite of a settlement funding. A Swiss Annuity is not considered a European annuity for tax reasons.
Read more about Annuity (European Financial Arrangements): Immediate Annuity, Deferred Annuity, Government Incentives, Terminable Annuities, Annuity Calculations, History of Calculating Life Annuities or Pensions
Famous quotes containing the word financial:
“... aside from the financial aspect, [there] is more: the life of my work. I feel that is all I came into the world for, and have failed dismally if it is not a success.”
—Mary E. Wilkins Freeman (1852–1930)