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Individual retirement account
/ˌɪndəvˈɪdʒəwəl
ritˈaɪərmənt
əkˈaʊnt/
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Individual retirement account
noun
1.
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.
Synonym:
IRA
.
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Etymology of 'Individual retirement account'
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