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Single Premium Deferred Annuity (SPDA) |
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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.Single Premium Deferred Annuity (SPDA) Similar MatchesDeferred compensationDeferred compensationAn amount that has been earned but is not actually paid until a later date, typically through a payment plan, pension, or stock option plan. Deferred accountDeferred accountA type of account that delays taxes on that account until some later date. Deferred interest mortgageDeferred interest mortgageInterest is not paid during the deferral period. When the period is over, the accumulated interest is added to the original loan. Some lenders add this interest to the total of your loan to give a new loan figure and new interest payments. Others calculate your interest payments on the original loan as normal and then spread the repayment of the deferred interest over a set period of time. The latter method is better for you, as adding the deferred interest to the loan means you end up paying interest on the deferred interest! 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 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. Further Suggestionsdeferred state pensionDeferred charge Contingent deferred sales charge (CDSC) Deferred nominal life Annuity child deferred endowment Deferred payment annuity Periodic purchase deferred contract Deferred call Tax deferred retirement plans Deferred equity deferred income |
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