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401(k)
401(k) [ fáwr ō wun káy ] (plural 401(k)s)


noun 
Definition:
 
retirement scheme: in the United States,a retirement scheme for employed people that allows them to invest part of their income without paying any tax until the money is withdrawn after retirement
[After the section of the federal tax code that allows it]
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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