annual payment

Once-yearly remittance

An annual payment is a sum paid once per year, typically on a recurring basis: The annual payment on the loan is due in March.

Insurance premiums, membership dues, and subscription services often offer annual payment options, usually at a discount compared to monthly installments.

Related

renewal · fee · service charge · membership · recurring · auto pay · billing · due date · invoice · automatic · debit · bank draft · statement · contract · fixed rate · quarterly · monthly · pension

Categories
Opposites
payment frequency

annual paymentmonthly payment

Recurring scheduled remittance

weekly payment · quarterly payment · biweekly payment · monthly installments · one-time payment

payment structure

annual paymentinstallment plan

Periodic payment arrangement

monthly installments · lump sum · one-time payment · single payment · payment plan

Family

annual, annually, annuals, annuity, annuities, anniversary, anniversaries, annum, per annum

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Used worldwide · Timeless · Everyday, not technical · Rated G