Last reviewed 08-20-2026Short-Sale.com Editorialglossary
ANNUITY
California Department of Real Estate
Updated 08-20-2026
ANNUITY
A sum of money received at fixed intervals, such as a series of assured equal or nearly equal payments to be made over a period of time, or it may be a lump sum payment to be made in the future. The installment payments due to the landlord under a lease is an annuity. So are the installment payments due to a lender.
California Department of Real Estate Glossary
California Department of Real Estate · p. 3
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