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elective deferral
e·lec·tive de·fer·ral (plural e·lec·tive de·fer·rals)


noun 
Definition:
 
tax-deferred contribution to retirement: a portion of income that qualifies for tax deferral and that is contributed to a retirement plan
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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