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:
“The woman who does her job for society inside the four walls of her home must not be considered by her husband or anyone else an economic “dependent,” reaching out her hands in mendicant fashion for financial help.”
—Mary Barnett Gilson (1877–?)