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1. WordNet® 3.0 (2006)
401-k
    n 1: a retirement savings plan that is funded by employee
         contributions and (often) matching contributions from the
         employer; contributions are made from your salary before
         taxes and the funds grow tax-free until they are withdrawn,
         at which point they can be converted into an IRA; funds can
         be transferred if you change employers and you can (to some
         extent) manage the investments yourself [syn: 401-k plan,
         401-k]
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