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Deferred payment annuity |
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Deferred payment annuityAn annuity that stipulates payments be made to the annuitant at a later date, such as when the annuitant reaches a certain age.Deferred payment annuity Similar MatchesSingle Premium Deferred Annuity (SPDA)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. Tax deferred incomeTax deferred incomeDividends, interest, and unrealized capital gains on investments in an account such as a qualified retirement plan, where income is not subject to taxation until a withdrawal is made. Deferred interest bondDeferred interest bondA bond that pays interest at a later date, usually in one lump sum, effectively reinvesting interest earned over the life of the bond. See: Zero coupon bond. Tax deferred retirement plansTax deferred retirement plansEmployer-sponsored and other plans that allow contributions and earnings to be made and accumulate tax-free until they are paid out as benefits. Child deferred endowmentChild deferred endowmentAn endowment assurance, on the life of a child, which can be taken as cash at maturity or converted to a full endowment or whole life assurance. Further SuggestionsDeferred compensationDeferred account Contingent deferred sales charge (CDSC) deferred income Deferred charge Periodic purchase deferred contract deferred state pension Deferred equity Deferred call Deferred nominal life Annuity Deferred interest mortgage |
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