TAX-DEFERRED ANNUITY


Meaning of TAX-DEFERRED ANNUITY in English

/taks"di ferrd'/

an annuity that enables one to purchase an insurance product that will earn interest, with the tax obligation deferred until withdrawals begin, usually at retirement.

Abbr.: TDA.

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .