SEP
[ sep ]
/ sɛp /
noun
Simplified Employee Pension: a tax-deferred pension plan for companies with 25 or fewer employees or for self-employed persons, in which an IRA is funded by employer and employee contributions.
QUIZZES
THIS PSAT VOCABULARY QUIZ IS PERFECT PRACTICE FOR THE REAL TEST
In our third teacher-created PSAT practice test there are new and unique vocabulary terms you may have never heard of! Can you guess what they mean?
Question 1 of 10
seclusion
Also called SEP-IRA.
Words nearby SEP
Definition for SEP (2 of 2)
sep.
separate.
separated.
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021