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Single-Premium Deferred Annuity

SPDA. A Tax-deferred investment plan in which an individual makes a Single payment to a mutual Fund or Insurance company. Similar to an IRA, but having no annual Contribution limit.

Related Terms: 8 Contribution, Defer, Fund, Insurance, Mutual fund, Single, Tax, Tax-deferred
Other Related Pages: Category: Taxes Starting With: S
Semi Related Terms: 491 CLICK HERE TO VIEW
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