SPDA

SPDA
single-premium deferred annuity.

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Universalium. 2010.

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  • Single-Premium Deferred Annuity - SPDA — A type of annuity contract that is established with a single lump sum payment by the owner. The annuity then grows on a tax deferred basis until annuitization. Single Premium Deferred Annuities (SPDA) can be either fixed or variable, and… …   Investment dictionary

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