An annuity in which the annuitant does not begin to receive payments until some future date. A deferred annuity has two phases: a savings phase and an income phase. During the savings phase, the annuitant places money into the annuity, which invests it on behalf of the annuitant. In the ...
firms in the real estate industry, with the exception of real estate investment trusts, which typically do not pay taxes. Deferred Annuity An annuity providing for income payments to commence at a specified future time. Related to : financial, finance, business, accounting, payroll, inventory, in...
either as a lump sum or through regular contributions. The funds are then invested by the insurance company offering the annuity. Depending on the type of deferred annuity, the funds may be invested in fixed-income investments, such as bonds and Treasury securities, or in more volatile assets ...
Anannuityor otherinvestment vehiclein which one does not pay taxes on thecontributionsuntil afterwithdrawal. Common examples of deferred accounts are a401(k)and atraditional IRA. Generally speaking, one places a portion of his/herpre-tax incomeinto a deferred account and allows it to be invested...
Related to tax-deferred annuity:Nonqualified annuity,Single Premium Deferred Annuity tax′-deferred` annu′ity n. an annuity that enables one to purchase an insurance product that will earn interest, with the tax obligation deferred until withdrawals begin, usu. at retirement. ...
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The meaning of DEFERRED COMPENSATION is current compensation (as wages or salary) deferred until a later time usually for the purpose of investment (as in a retirement plan).
annuity. Single-premium deferred annuity An insurance policy bought by the sponsor of a pension plan for a single premium. In return, the insurance company agrees to make lifelong payments to the employee (the policyholder) when that employee retires. ...
Deferred annuities often include adeath benefitcomponent. If the owner dies while the annuity is still in its accumulation (savings) phase, theirheirsmay receive some or all of the account's value. If the annuity has entered the payout (income) phase, however, the insurer may simply keep th...
In insurance, a deferred payment refers to a deferred payment annuity. This is an insurance product where the purchaser of the annuity receives future payments rather than a stream of income that starts in the present. The payments are "deferred" in that they begin at a future date. ...