What is another word for ordinary annuity?
Pronunciation: [ˈɔːdɪnəɹi ɐnjˈuːɪti] (IPA) 
An ordinary annuity is a type of financial instrument in which a fixed sum of money is received on a periodic basis. Some synonyms for ordinary annuity include standard annuity, fixed annuity, and periodic payment annuity. These financial tools are typically used for retirement planning, and they require the investor to pay a set amount of money over a specific period of time. Other synonyms for ordinary annuity might include regular payment annuity, traditional annuity, or non-variable annuity. The key feature of an ordinary annuity is that it offers a guaranteed rate of return, making it a popular choice for investors seeking stability and predictability in their financial investments.
