tax-deferred retirement plan

tax-deferred retirement plan
/tæks dɪˌfɜ:d rɪ'taɪəmənt plæn/, tax-deferred savings plan /tæks dɪˌfɜ:d 'seɪvɪŋz plæn/ noun US
a savings plan into which a person can regularly put a certain proportion of income, with tax only being payable on retirement

Dictionary of banking and finance. 2015.

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