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2017 Word of the Year

401(k)

[fawr-oh-wuhn-key, fohr‐] /ˈfɔrˌoʊˈwʌnˈkeɪ, ˈfoʊr‐/
noun
1.
a savings plan that allows employees to contribute a fixed amount of income to a retirement account and to defer taxes until withdrawal.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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