1

IRA

play
noun \ˌī-(ˌ)är-ˈā; ˈī-rə\

Definition of IRA

plural

IRAs

  1. :  a retirement savings account in which income taxes on certain deposits and on all gains are deferred until withdrawals are made

Origin and Etymology of ira

individual retirement account


First Known Use: 1974


2

IRA

abbreviation

Definition of IRA

  1. Irish Republican Army

Examples of ira in a sentence

  1. a representative of the IRA


IRA Defined for English Language Learners

1

IRA

play
noun \ˌī-(ˌ)är-ˈā; ˈī-rə\

Definition of IRA for English Language Learners

  • : a special account in which you can save and invest money for your retirement without having to pay taxes on the money until a later time


Law Dictionary

IRA

play
noun \ˌī-ˌär-ˈā, ˈī-rə\

Legal Definition of IRA

  1. :  an account in which a person may deposit up to a stipulated amount each year and that is not taxable until retirement or early withdrawal

Additional Notes on ira

Deposits to an IRA may not be completely or partially deductible from adjusted gross income if one's income exceeds a set level.

Origin and Etymology of ira

individual retirement account


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