tax-deferred savings plan


An investment plan that allows an individual to delay the payment of income tax, applicable to the principal amount and interest, until withdrawal. Such an investment plan is usually registered with the government. For example, a retirement savings account or an education savings plan.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
tax-deferred retirement plan tax-deferred retirement plan