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Term of the Day
annual addition
annual
accrual of discount
Definition
The
maximum
amount
which can be contributed
yearly
to a
retirement
account
under a predefined plan.
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Popular 'Retirement' Terms
annuity
OASDI
deferred compensation
Social Security
IRA
qualified retirement plan
annuitant
non-qualified retirement plan
liquid net worth
401(k) plan
Related Terms
accrual of discount
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