keogh plans

Keogh plan

[kee-oh]
noun
a pension plan for an unincorporated business entity or self-employed person.


Origin:
1970–75, Americanism; after Eugene J. Keogh (born 1907), N.Y. congressman

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Cultural Dictionary

Keogh plans definition


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

The American Heritage® 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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