individual retirement account Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “individual retirement account” in the English Dictionary

"individual retirement account" in Business English

See all translations

individual retirement accountnoun [C]

uk   us   ( abbreviation IRA)
FINANCE in the US, a ​savingsaccount in which ​people can put ​money for their ​pension in a way that ​saves them ​tax. Some ​types of ​individualretirementaccounts are ​started by ​people on their own and some by ​employers for their ​employees: set up/contribute to an individual retirement account You can set up an ​individualretirementaccount at almost any ​bank, ​insurancecompany, or ​mutualfund. Contributions to ​individualretirementaccounts are ​tax-deductible according to ​certain guidelines.
(Definition of individual retirement account from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of individual retirement account?
Add Cambridge dictionaries to your browser to your website
There, their and they’re – which one should you use?
There, their and they’re – which one should you use?
by ,
April 27, 2016
by Liz Walter If you are a learner of English and you are confused about the words there, their and they’re, let me reassure you: many, many people with English as their first language share your problem! You only have to take a look at the ‘comments’ sections on the website of, for example, a popular

Read More 

Word of the Day


a small amount of something that shows you what the rest is or should be like

Word of the Day

bio-banding noun
bio-banding noun
April 25, 2016
in sport, grouping children according to their physical maturity rather than their age ‘When we’re grouping children for sports, we do it by age groups, but the problem is that, within those age groups, we get huge variations in biological age,’ said Dr Sean Cumming, senior lecturer at the University of Bath’s department for

Read More