What does Annuity In Arrears mean? Read on to discover the definition & meaning of the term Annuity In Arrears - to help you better understand the language used in insurance policies.
Annuity In Arrears
Periodic payments (such as interest) that are due at the end of a period. Also called ordinary annuity. See also annuity in advance.
We hope the you have a better understanding of the meaning of Annuity In Arrears.