rollover

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A rollover refers to the act of switching from one investment or account to another. This can happen with bank accounts, retirement funds, or even credit cards.

When people talk about a rollover, they're usually thinking about their money and investments. A common example is when someone switches from one job's 401(k) plan to an IRA (Individual Retirement Account) after leaving that job. This way, they can keep the money growing without interruption.

How common is "rollover"?

Word rollover is considered rare in modern English.
It has a balanced usage among all categories: speech, fiction, newspapers and academic texts.
Definitions

noun

  • The process of incrementing, especially back to an initial value.

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