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ESOP

[ ee-sop ]
/ ˈi sɒp /
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noun

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

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“Was” is used for the indicative past tense of “to be,” and “were” is only used for the subjunctive past tense.

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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. 2021

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