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:
“Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.”
—Augustus Y. Napier (20th century)