Focus on the pronunciation of dividend reinvestment plan
English definition of “dividend reinvestment plan”
dividend reinvestment plan
noun [C] (abbreviation DRIP)
› FINANCE a form of investment in which the investor's dividends are used to buy more shares in the company, rather than being paid as cash: The Company has a Dividend Reinvestment Plan which allows shareholders to reinvest their dividends through a specially arranged share dealing service.