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IDA
(redirected from IDA (disambiguation))

   Also found in: Medical, Encyclopedia, Wikipedia, Hutchinson 0.02 sec.
See International Development Association.
Individual Development Account
A savings account for persons with lower income. The funds put into an IDA are matched by a public or private organization. One may use the funds in an IDA for educational purposes, starting a business, or buying a first house. IDAs are accompanied by programs for credit improvement and other classes to help account holders move up from poverty and into the middle classes.


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