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• The income earned on the investment is tax-free until it is withdrawn.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

译者Christina，毕业于世界顶级翻译学院，擅长翻译各种与反垄断与不正当竞争诉讼相关的法律文件。