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401(k)

American  
[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.

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.