I've encountered a term 'ESP' in a financial context and I'm not sure what it stands for. Could it be related to some specific payment system or financial instrument? I need clarification on this.
6 answers
Arianna
Tue Nov 12 2024
One common use of an ESP is for planning for retirement.
GeishaMelody
Tue Nov 12 2024
Employees can also use these savings for medical expenses.
lucas_taylor_teacher
Tue Nov 12 2024
An Employee Savings Plan (ESP) is a financial tool sponsored by employers.
amelia_martinez_engineer
Tue Nov 12 2024
It enables employees to allocate a specific portion of their earnings.
KatanaSword
Tue Nov 12 2024
Another application is saving for a down payment on a first house.