single premium deferred annuity

An annuity for which a party pays a lump-sum premium in exchange for receiving a specified sum at a future date.

• The income earned on the investment is tax-free until it is withdrawn. — Abbr. SPDA.

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词条贡献者

译员黎川，在一家顶尖澳洲律师事务所的上海办公室担任全职法律翻译，擅长翻译涉及工业与制造业领域的法律文件。