Annuity purchase
The purchase of an annuity is a historical agreement between creditor and debtor that is only used in underdeveloped countries today ; In contrast to the installment payment , the repayment period is often not fixed or limited (see perpetual money ). With the purchase of an annuity, the obligee acquires the right to receive a mostly annually recurring benefit ( annuity ) from a property or house or as consideration for a one-off, larger payment. The rent purchase was from the medieval interest prohibition i. d. Usually excluded.
literature
- Annuity purchase. In: Reinhard Heydenreuter , Wolfgang Pledl, Konrad Ackermann : From burn-off to Zentgraf. Dictionary of regional history and local research in Bavaria. 2nd Edition. Volk Verlag, Munich 2009, ISBN 978-3-937200-65-1 , p. 179 f.