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2017 Word of the Year

Keogh plan

[kee-oh] /ˈki oʊ/
noun
1.
a pension plan for an unincorporated business entity or self-employed person.
Origin of Keogh plan
1970-1975
1970-75, Americanism; after Eugene J. Keogh (born 1907), N.Y. congressman
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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keogh plans in Culture

Keogh plans definition


Retirement plans similar to 401(k) plans but for income derived from self-employment.

The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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