An ESOP is a qualified stock-bonus or combination stock-bonus and money-purchase pension plan designed to invest primarily in stock,other than the employer's securities.

Name: An ESOP is a qualified stock-bonus or combination stock-bonus and money-purchase pension plan designed to invest primarily in stock,other than the employer's securities.
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An ESOP (Employee Stock Ownership Plan) is designed to invest primarily in the employer's own securities, not in other stocks or securities.

An ESOP Is a Qualified Stock-Bonus or Combination Stock-Bonus and Money-Purchase