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LSDefine

Simple English definitions for legal terms

SPDA

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A quick definition of SPDA:

An annuity is a type of savings account where you put in money and get paid back in regular payments. There are different types of annuities, like ones that pay for a certain number of years or ones that pay for your whole life. Some annuities start paying right away, while others start paying later. An SPDA is a type of annuity where you pay a lump sum of money and get paid back at a later date. The money you earn on the investment is not taxed until you take it out.

A more thorough explanation:

SPDA stands for single-premium deferred annuity. An annuity is an obligation to pay a stated sum, usually monthly or annually, to a stated recipient. SPDA is a type of annuity where a party pays a lump-sum premium in exchange for receiving a specified sum at a future date. The income earned on the investment is tax-free until it is withdrawn.

For example, John purchases an SPDA by paying a lump sum of $100,000 to an insurance company. The insurance company promises to pay John a specified sum at a future date, say 10 years from now. The income earned on the $100,000 investment is tax-free until John withdraws it.

SPDA is a savings account with an insurance company or investment company, usually established for retirement income. Payments into the account accumulate tax-free, and the account is taxed only when the annuitant withdraws money in retirement.

SPD | SPE

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LOL they love our tears
I mean, you got to be a bit of a sadist to be in adcoms lol
JumpySubsequentDolphin
11:09
does WUSTL send emails or call?
JumpySubsequentDolphin
11:09
or both?
11:10
I got a call first
JumpySubsequentDolphin
11:10
I interviewed like two weeks ago, not sure how quick they get back to peeps post interview
JumpySubsequentDolphin
11:10
but my interview was a disaster so not holding onto hope
Late to the party but my name is Paul Leachman in Delray Beach, FL (WashU pls respond)
11:11
Why is it taking so long for WashU to get back to me. Ppl are getting acceptances in a month or less
letsseehowitgoesnow
11:11
...
triplethread
11:11
@BookLover125: RETWEET
triplethread
11:12
is it bad i lied about getting into case western bc my parents are bugging me about my first a
@BookLover125: they are so impressed with your application they are renaming the library after you before admitting you
Do you know not everyone says they were ED?
11:12
No they shouldn’t be bugging you this is stressful enough without them adding More. Do what u gotta do
11:13
Got jokes I see
triplethread
11:13
its sooo stressful and im not even done applying
Just apply and get the A lol
triplethread
11:13
got like 3 more apps
there should be a law school draft akin to the NFL Draft where law schools can recruit us
or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
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