Definition of TESSA in English:


Line breaks: TESSA
Pronunciation: /ˈtɛsə/

Entry from British & World English dictionary

(also Tessa)

noun (plural TESSAs)

(In the UK) a tax-exempt special savings account allowing savers to invest a certain amount in a bank or building society with no tax to pay on the interest, provided that the capital remained in the account for five years (replaced in 1999 by the ISA).



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