ESOP

Employee stock ownership plan. Defined contribution pension plan (stock bonus and/or money purchase) designed to invest primarily in the stock of the employer firm.

Similar financial terms

ERISA-type ESOP
ESOP other than tax credits ESOPs. ERISA-types includes leveraged, leveragable, and non-leveraged ESOPs recognized under ERISA rather than under the Tax Reduction Act of 1975.

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Subordinated debenture bond

An unsecured bond that ranks after secured debt, after debenture bonds, and often after some general creditors in its claim on assets and earnings. Related: Debenture bond, mortgage bond, collateral trust bonds.


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