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Investments glossary

Leveraged Employee Stock Ownership Plan (LESOP)


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Quotes of the day:

Let me tell you something that we Israelis have against Moses. He took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil

— Golda Meir

An equity compensation system in which the sponsoring company typically leverages its credit to borrow money, which it then uses to fund the plan, to purchase company shares from the company’s treasury. The shares are used for the stock ownership plan, and the company pays back the original loan with annual contributions.


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