Rollover Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Rollover, written in plain English, along with examples of how it is used.
What is Rollover?
Transferring funds from one investment to another without sustaining tax penalties. For example: a 401(k) fund can be rolled over into an IRA account without penalty. Additionally, funds from the sale of a home can be rolled over toward the purchase of a new home without being subjected to capital gains tax.