CODA

Cash or Deferred Arrangement (CODA)
A Cash or Deferred Arrangement (CODA), commonly known as a 401(k) plan, is a retirement savings plan sponsored by an employer that allows employees to save and invest a portion of their paycheck before taxes are taken out.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.