annual payments
Once-per-year disbursements
Annual payments are sums of money paid once per year on a recurring basis.
The term appears in contracts, insurance policies, loan agreements, and subscription services where payment occurs yearly rather than monthly or quarterly: The annual payment on the policy is due in March.
Annual payments often come with discounts compared to more frequent installment options.
- yearlyOnce per annum
- installmentsPeriodic partial payments
- premiumsPayments for insurance coverage
- subscriptionPaid recurring access
- subscription feeRecurring payment for service
dues · renewal · recurring · direct debit · quarterly · monthly · dividends · fixed income · pension · mortgage · tuition · student loans · membership · fees · interest · lease · rent · property tax
- tributary relationstributary state, vassal, vassal states, suzerainty, client state
annual paymentsone-time payment
Full amount paid once
single payment · balloon payment · lump sum payment · lump sum · final payment
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