An account that qualifies for favorable treatment from the IRS, typically in the form of deferred or reduced tax liability. Also referred to as a qualified account. See 401k Plan; Coverdell Education savings account (ESA); Individual Retirement Account (IRA); Keogh Plan.
Browse by Subjects
Individual Retirement Arrangement (IRA)
Coverdell Education Savings Account (ESA)
See All Related Terms »
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):