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What Is a Term Certain Annuity?



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A term certain annuity is an annuity that pays out regular income payments for a specific length of time. After the term is up, the annuity contract ends and the annuitant (person receiving payments) no longer receives income payments. What are the two most common types of annuities? The two most common types of annuities … Read more

What is a Swap in finance?



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In finance it is called a swap, a type of contract made between two parties, whose objective is the exchange of cash flows futures. They are financial contracts that are not carried out in a standard way, so they are not the object of exchanges in markets or exchanges, but are carried out in each … Read more