TERMIUM Plus®

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LEVEL ANNUITY SYSTEM [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1998-02-16

English

Subject field(s)
  • Loans
DEF

The level annuity system entails equal aggregate payments of principal and interest (i.e. with principal repayments made in gradually ascending amounts.

OBS

This system was used by the World Bank prior to 1975.

French

Domaine(s)
  • Prêts et emprunts

Spanish

Campo(s) temático(s)
  • Préstamos
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