from The American Heritage® Dictionary of the English Language, 4th Edition
- n. An investment account in which a person can set aside income up to a specified amount each year and usually deduct the contributions from taxable income, with the contributions and interest being tax-deferred until retirement.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred
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