The State of California requires that you be told the following: Federal student loans are available to most students regardless of income and provide a range of repayment options including income-based repayment plans and loan forgiveness benefits, which other education loans are not required to provide.
â¢ ANNUITY (noun). The noun ANNUITY has 1 sense: 1. income from capital investment paid in a series of regular payments. Familiarity information: ANNUITY used as a noun is very rare.
Annuities are payments (or cash flows) of equal amount every period for a limited number of periods. Examples of annuities are loan payments for your car and periodic payments from a lottery win. Perpetuities on the other hand are payments (or cash flows) also of equal amounts that are made every period for an unlimited number of periods. Examples of perpetuities are property tax payments and preferred stocks. Annuities are payments (or cash flows) of equal amount every period for a limited number of periods. Examples of annuities are loan payments for your car and periodic payments from a lottery win.