flexible spending account

flexible spending account
n.
A savings account in which an employee can save tax-free a portion of his or her earnings to meet a specific type of expense.
abbrv.
FSA See also cafeteria plan, health savings account

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

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  • Tax-Free Savings Account — The Tax Free Savings Account or TFSA was introduced by Jim Flaherty, Canadian federal Minister of Finance, in Budget 2008. It was a significant measure in the budget and will be coming into effect on January 1st, 2009. [“Get ready for new Tax… …   Wikipedia

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