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What does PLA stand for?

PLA stands for Purchased Life Annuity

This definition appears somewhat frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of PLA

Other Resources:
We have 273 other meanings of PLA in our Acronym Attic

Samples in periodicals archive:

You could also buy a purchased life annuity, where the majority of the income is classed as return of capital.
Other earnings such as salary, whether it be full time or part time, rental or investment income or even a purchased life annuity will be ignored.
Q I DON'T need the tax-free cash from my pension but am thinking of taking it and buying a purchased life annuity at the suggestion of my adviser.