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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Joint stock bank

A joint stock bank is one operated by a joint stock or limited company. It is therefore a bank with limited liability. This is in contrast to a private bank which may be owned by a family or individual. All commercial banks in the United Kingdom are joint stock banks.


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