| / English Dictionary |
INDIVIDUAL RETIREMENT ACCOUNT
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
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
Synonyms:
individual retirement account; IRA
Classified under:
Nouns denoting cognitive processes and contents
Hypernyms ("individual retirement account" is a kind of...):
pension account; pension plan; retirement account; retirement plan; retirement program; retirement savings account; retirement savings plan (a plan for setting aside money to be spent after retirement)
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