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English definition of “ISA”

ISA

noun [C]     /ˈaɪsə/
BANKING UK abbreviation for individual savings account: an investment account in which the investor does not have to pay tax on income or on the increase in value of shares: in/into an ISA They put £50 a month into an ISA. ISA entitlement/limit/allowance Raising the maximum ISA limits from £7200 to £10200 will encourage investment and saving.
→ See also cash ISA, equity ISA
(Definition of ISA noun from the Cambridge Business English Dictionary © Cambridge University Press)
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