Single-Premium Deferred Annuity (SPDA)
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.
Do you need a Financial Planner?
Click here to get matched to financial planners near you. Free service.
Here are 10 random terms from our database: