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• The income earned on the investment is tax-free until it is withdrawn.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

译员圣强，国际仲裁与争端解决专业，专注翻译各种与跨境争议有关的法律文件。