: a program by which a corporation's employees acquire its stock

Word History

Etymology

employee stock ownership plan

First Known Use

1973, in the meaning defined above

Time Traveler
The first known use of ESOP was in 1973

Dictionary Entries Near ESOP

Cite this Entry

“ESOP.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/ESOP. Accessed 31 May. 2023.

Legal Definition

: a program by which a corporation's employees may acquire its capital stock
Etymology

employee stock ownership plan

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!