The ________ allows a firm to borrow against employee stock held in trust.

Question

Quizplus · Accepted Answer

The Employer Retirement Income Security Act (ERISA) allows a firm to establish a employee stock ownership plan (ESOP) and borrow against the stock held in trust as collateral. This can provide funding for corporate expansion or other business needs. The other answer choices are not related to employee stock ownership plans or borrowing against employee stock.

The ________ Allows a Firm to Borrow Against Employee Stock