The reason being, annuities by definition convert a totally liquid sum of cash into a contractually agreed series of monthly payments. (insuranceandestates.com)
These are financial products that provide you with a series of monthly payments in exchange for one lump - sum purchase, and some of them promise that regular income for life. (canadianbusiness.com)
In this second scheme, the environmental company began making a series of monthly payments to Adam Skelos as his father helped the business position itself to get contracts for rebuilding after Superstorm Sandy. (syracuse.com)