TESSA Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “TESSA” in the English Dictionary

"TESSA" in British English

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TESSAnoun [C]

uk   us   /ˈtes.ə/
abbreviation for Tax Exempt Special Savings Account: a ​savingsaccount in the UK, ​replaced by the ​ISA in 1999, in which no ​tax was ​paid if the investment was ​kept for five ​years
(Definition of TESSA from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"TESSA" in Business English

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TESSAnoun [C]

uk   us   /ˈtesə/
BANKING, FINANCE abbreviation for Tax Exempt Special Savings Account: a British ​savingsaccountreplaced by the ISA in 1999
(Definition of TESSA from the Cambridge Business English Dictionary © Cambridge University Press)
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