### Question
How is the "ESOP" defined?


### Answer
The term **ESOP** is defined in *15 U.S.C. § 632* as follows -

> given the term "employee stock ownership plan" in section 4975(e)(7) of title 26.

#### Citation:
  - *15 U.S.C. § 632*
  - Heading: **CHAPTER 14A-AID TO SMALL BUSINESS**

