ESOP Hear it!

ESOP definition

ESOP (ē′säp)

noun

Employee Stock Ownership Plan: a compensation plan set up by a company and funded with its tax-deductible contributions by which qualified employees accumulate shares of the company's stock

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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