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ESOP

[ee-sop] /ˈi sɒp/
noun
1.
a plan under which a company's capital stock is acquired by its employees or workers.
Origin of ESOP
1970-1975
1970-75; e(mployee) s(tock) o(wnership) p(lan)
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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