Lifetime Individual Savings Account

Lifetime Individual Savings Account
/ˌlaɪftaɪm ˌɪndɪvɪd uəl 'seɪvɪŋz əˌkaυnt/ noun
a British scheme by which individuals can invest for their retirement by putting a limited amount of money each year in a tax-free unit trust account.
Abbreviation LISA.
ISA

Dictionary of banking and finance. 2015.

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