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English definition of “TESSA”

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TESSA

noun [C] uk   /ˈtes.ə/ us  
abbreviation for Tax Exempt Special Savings Account: a savings account 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 Learners Dictionary & Thesaurus © Cambridge University Press)
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