单词 | compulsory purchase annuity |
释义 | > as lemmascompulsory purchase annuity compulsory purchase annuity n. British Finance an annuity that must be purchased with the accumulated proceeds of saving in certain types of pension scheme; cf. purchased life annuity n. at purchased adj. Compounds. ΚΠ 1982 Financial Times 26 Aug. 16/4 A doubling in conventional single premium business from £4.15m to £8.25m, backed by a new successful income plan and good compulsory purchase annuity business. 2006 Money Managem. (Nexis) 1 Feb. There are two main forms of annuities: compulsory purchase annuities (CPA) and purchased life annuities (PLA). The distinctions lie in the tax treatment of each, and in the fact that CPAs are purchased with the proceeds of pension funds. < as lemmas |
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