How to Pronounce RESP?

Correct pronunciation for the word "RESP" is [ɹˈɛsp], [ɹˈɛsp], [ɹ_ˈɛ_s_p].

"RESP" in context

RESP stands for Registered Education Savings Plan, and is an investment tool designed to save up for future education expenses. The RESP can provide financial support for post-secondary educations such as university, college, and trade school, and allow you to save on taxes while doing so. It is structured like a trust, with one or more "subscribers" contributing to the plan, either periodically or as a lump sum. When a subscriber makes a contribution to the RESP, the government will provide a "Canada Education Savings Grant" equal to 20 percent of the amount contributed, up to a certain limit.

What are similar-sounding words for RESP?


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