ESOP

[ ee-sop ]
/ ˈi sɒp /
|

noun

a plan under which a company's capital stock is acquired by its employees or workers.

Origin of ESOP

1970–75; e(mployee) s(tock) o(wnership) p(lan)
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

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