EMPLOYEE STOCK OWNERSHIP PLAN

Pronunciation (US): (GB):

Meaning:

A program under which employees regularly accumulate shares and may ultimately assume control of the company

Synonyms:

employee stock ownership plan; ESOP

Classified under:

Nouns denoting cognitive processes and contents

Hypernyms ("employee stock ownership plan" is a kind of...):

stock purchase plan (an organized plan for employees of a company to buy shares of its stock)