master plan

master plan definition - business

master plan

  1. In real estate, a comprehensive strategy for development and use of a town or large tract of land.
  2. An IRS-approved financial arrangement made available by providers (banks, mutual funds, professional organizations, and insurance companies) for adoption by employers offering a qualified-retirement plan.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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