ordinary annuity

常見例句

As a result a bond's interest payments form an ordinary annuity for the life of the bond.
由於債券的利息支付形式普通年金生活的紐帶。

With an ordinary fixed annuity, I would need much less because an insurance company can provide income only during my lifetime (rather than into perpetuity), and they can diversify the uncertainty of my demise with other annuitants.
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But when the appreciation and dividends come out of the annuity at the other end they are converted into ordinary income taxed at 35%.
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