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What does LESOP stand for?

LESOP stands for Leveraged Employee Stock Ownership Plan

This definition appears somewhat frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of LESOP

Other Resources:
We have 1 other meaning of LESOP in our Acronym Attic

Samples in periodicals archive:

133(a) allows a bank to exclude from gross income 50% of the interest received on loans to leveraged employee stock ownership plans (ESOPs) or their sponsoring corporations, to the extent that the loan proceeds are used to acquire employer securities for the plan.