SEP

[ sep ]

noun
  1. 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.

  • Also called SEP-IRA.

Other definitions for sep. (2 of 2)

sep.

abbreviation
  1. separate.

  2. separated.

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use SEP in a sentence

  • SEP drew his sword and waded into the shallow surf and killed the evil fish with one strong stroke.

    The Magic World | Edith Nesbit