HyperDic: individual_retirement_account

English > 1 sense of the expression individual retirement account:
NOUNcognitionindividual retirement account, IRAa retirement plan that allows you to contribute a limited yearly sum toward your retirement
English > individual retirement account: 1 sense > noun 1, cognition
MeaningA retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred.
SynonymIRA
Broaderpension plan, pension account, retirement plan, retirement savings plan, retirement savings account, retirement account, retirement programA plan for setting aside money to be spent after retirement

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