SINGLE-PREMIUM DEFERRED ANNUITY (SPDA)


Meaning of SINGLE-PREMIUM DEFERRED ANNUITY (SPDA) in English

An IRA -like annuity into which an investor makes a lump-sum payment that is invested in either a fixed- return instrument or a variable- return portfolio , which is taxed only when distributions are taken.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.